ONE Gas, Inc. (NYSE:OGS) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 75.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,853 shares of the utilities provider's stock after selling 56,083 shares during the period. Two Sigma Investments LP's holdings in ONE Gas were worth $1,236,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC lifted its position in ONE Gas by 105.6% during the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock valued at $7,859,000 after buying an additional 54,237 shares in the last quarter. Blue Trust Inc. lifted its position in ONE Gas by 46.6% during the fourth quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider's stock valued at $105,000 after buying an additional 448 shares in the last quarter. KBC Group NV lifted its position in ONE Gas by 41.0% during the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock valued at $154,000 after buying an additional 645 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in ONE Gas during the fourth quarter valued at approximately $1,333,000. Finally, Empowered Funds LLC acquired a new position in ONE Gas during the fourth quarter valued at approximately $369,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on OGS. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $84.00 in a research report on Monday, April 7th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on shares of 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 shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Finally, Morgan Stanley reduced their target price on shares of ONE Gas from $74.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, ONE Gas currently has a consensus rating of "Hold" and a consensus target price of $77.36.

ONE Gas Stock Up 0.0%

Shares of NYSE OGS traded up $0.01 during trading on Friday, reaching $73.42. 396,007 shares of the stock were exchanged, compared to its average volume of 467,470. The business's 50-day moving average price is $75.71 and its 200 day moving average price is $73.43. ONE Gas, Inc. has a twelve month low of $59.74 and a twelve month high of $82.25. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 3.64 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly 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. The firm had revenue of $935.19 million for the quarter, compared to analysts' expectations of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm's quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. As a group, equities analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 annualized dividend and a yield of 3.65%. ONE Gas's dividend payout ratio is presently 64.73%.

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.