Voloridge Investment Management LLC Buys Shares of 18,791 ONE Gas, Inc. (NYSE:OGS)

Voloridge Investment Management LLC acquired a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,791 shares of the utilities provider's stock, valued at approximately $1,301,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGS. Vanguard Group Inc. grew its holdings in shares of ONE Gas by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock worth $434,253,000 after purchasing an additional 41,933 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of ONE Gas by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock worth $147,152,000 after acquiring an additional 25,145 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of ONE Gas by 0.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock worth $73,302,000 after purchasing an additional 9,302 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ONE Gas by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock worth $66,824,000 after purchasing an additional 15,976 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of ONE Gas by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after purchasing an additional 152,028 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OGS shares. 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 upped their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Morgan Stanley lowered their target price on ONE Gas from $74.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Guggenheim raised their price objective on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.81.

ONE Gas Stock Up 0.6%

Shares of OGS stock traded up $0.48 during trading hours on Friday, hitting $74.81. 1,099,886 shares of the company's stock traded hands, compared to its average volume of 460,788. ONE Gas, Inc. has a 12-month low of $59.72 and a 12-month high of $82.25. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.64 and a beta of 0.86. The stock's fifty day simple moving average is $75.81 and its two-hundred day simple moving average is $73.50. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. 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 firm posted $1.75 EPS. On average, analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas's dividend payout ratio (DPR) 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.