Victory Capital Management Inc. Grows Position in ONE Gas, Inc. (NYSE:OGS)

Victory Capital Management Inc. grew its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 675,506 shares of the utilities provider's stock after purchasing an additional 27,548 shares during the quarter. Victory Capital Management Inc. owned about 1.13% of ONE Gas worth $51,061,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after buying an additional 154 shares during the period. State of Alaska Department of Revenue grew its position in shares of ONE Gas by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 6,638 shares of the utilities provider's stock worth $501,000 after buying an additional 175 shares during the period. State of Michigan Retirement System grew its position in shares of ONE Gas by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider's stock worth $1,028,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System grew its position in ONE Gas by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider's stock valued at $1,202,000 after purchasing an additional 200 shares during the period. Finally, LPL Financial LLC grew its position in ONE Gas by 0.8% in the 4th 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. Institutional investors own 88.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Friday, May 9th. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Finally, Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $77.64.

ONE Gas Price Performance

OGS traded up $0.29 during midday trading on Friday, hitting $73.43. The stock had a trading volume of 436,736 shares, compared to its average volume of 466,558. The company has a market cap of $4.40 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 3.08 and a beta of 0.80. The business has a fifty day moving average of $73.40 and a 200 day moving average of $73.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.59. ONE Gas, Inc. has a 1 year low of $65.75 and a 1 year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share 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 during the quarter, compared to the consensus estimate of $882.31 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The business's revenue was up 23.3% on a year-over-year basis. As a group, equities analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

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