Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 109,508 ONE Gas, Inc. (NYSE:OGS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of approximately $8.28 million in ONE Gas, acquiring 109,508 shares during the first quarter.
• ONE Gas reported a quarterly earnings per share of $1.98, exceeding analysts' expectations, with a revenue increase of 23.3% year-over-year.
• The company recently announced a quarterly dividend of $0.67, translating to an annualized yield of 3.67% with a payout ratio of 64.73%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 109,508 shares of the utilities provider's stock, valued at approximately $8,278,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of ONE Gas as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OGS. Allianz Asset Management GmbH lifted its position in shares of ONE Gas by 512.6% in the first quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after purchasing an additional 157,375 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in ONE Gas by 2.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 62,215 shares of the utilities provider's stock valued at $4,703,000 after buying an additional 1,639 shares during the period. Diversify Advisory Services LLC purchased a new stake in ONE Gas in the 1st quarter worth approximately $226,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ONE Gas during the 1st quarter valued at $4,598,000. Finally, Victory Capital Management Inc. grew its holdings in shares of ONE Gas by 4.3% during the 1st quarter. Victory Capital Management Inc. now owns 675,506 shares of the utilities provider's stock valued at $51,061,000 after acquiring an additional 27,548 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price target on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note 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. Guggenheim boosted their target price on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $77.64.

ONE Gas Stock Performance

NYSE:OGS traded down $0.73 during trading hours on Monday, hitting $72.20. 260,148 shares of the company traded hands, compared to its average volume of 531,226. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 3.06 and a beta of 0.80. The firm has a 50-day moving average of $73.40 and a 200 day moving average of $73.72. ONE Gas, Inc. has a twelve month low of $65.75 and a twelve month high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued 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 analyst estimates of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The company's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 earnings per share. On average, analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a dividend of $0.67 per share. The ex-dividend date was Monday, May 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.71%. ONE Gas's dividend payout ratio (DPR) is currently 64.73%.

ONE Gas Company Profile

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.