Victory Capital Management Inc. Raises Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Victory Capital Management Inc. increased its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,506 shares of the utilities provider's stock after buying an additional 27,548 shares during the period. Victory Capital Management Inc. owned about 1.13% of ONE Gas worth $51,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new position in ONE Gas in the 4th quarter valued at $26,000. UMB Bank n.a. raised its stake in ONE Gas by 69.1% in the 1st 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in ONE Gas in the 4th quarter valued at $50,000. Farther Finance Advisors LLC raised its stake in ONE Gas by 195.6% in the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 530 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in ONE Gas in the 4th quarter valued at $77,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

Wall Street Analyst Weigh In

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

ONE Gas Stock Performance

OGS traded up $0.31 during trading on Tuesday, hitting $74.77. 390,532 shares of the stock were exchanged, compared to its average volume of 466,501. The firm has a market capitalization of $4.48 billion, a P/E ratio of 18.06, a PEG ratio of 3.12 and a beta of 0.80. ONE Gas, Inc. has a 1-year low of $65.75 and a 1-year high of $82.25. The stock has a fifty day moving average price of $73.40 and a two-hundred day moving average price of $73.57. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.74.

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 analysts' consensus estimates of $1.85 by $0.13. The business 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 revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. As a group, sell-side analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a $0.67 dividend. The ex-dividend date was Monday, May 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.58%. ONE Gas's dividend payout ratio is currently 64.73%.

ONE Gas 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.