SG Americas Securities LLC Buys New Shares in ONE Gas, Inc. (NYSE:OGS)

SG Americas Securities LLC purchased a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,318 shares of the utilities provider's stock, valued at approximately $780,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. Arizona State Retirement System boosted its holdings in shares of ONE Gas by 0.9% in the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 152 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of ONE Gas by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after purchasing an additional 154 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of ONE Gas by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock valued at $1,497,000 after purchasing an additional 187 shares during the period. LPL Financial LLC boosted its holdings in shares of ONE Gas by 0.8% in the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock valued at $1,994,000 after purchasing an additional 220 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of ONE Gas by 69.1% in the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 257 shares during the period. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Up 0.4%

Shares of OGS stock traded up $0.30 during trading hours on Friday, reaching $72.05. 1,486,598 shares of the company's stock were exchanged, compared to its average volume of 474,696. The stock's 50 day moving average is $75.52 and its 200-day moving average is $73.13. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 3.01 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74. ONE Gas, Inc. has a fifty-two week low of $59.80 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The firm had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. During the same period in the prior year, the firm earned $1.75 EPS. The firm's revenue was up 23.3% on a year-over-year basis. Analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Monday, May 19th. ONE Gas's payout ratio is 64.73%.

Wall Street Analyst Weigh In

OGS has been the subject of a number of research reports. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and boosted their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. Guggenheim boosted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company upped their price target on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research report on Friday, May 9th. Finally, Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $77.64.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.