International Assets Investment Management LLC Invests $8.83 Million in ONE Gas, Inc. (NYSE:OGS)

International Assets Investment Management LLC acquired a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 138,492 shares of the utilities provider's stock, valued at approximately $8,825,000. International Assets Investment Management LLC owned 0.25% of ONE Gas at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of OGS. BKM Wealth Management LLC acquired a new position in shares of ONE Gas in the 4th quarter worth approximately $28,000. Lazard Asset Management LLC acquired a new stake in shares of ONE Gas in the 4th quarter valued at $32,000. Rockefeller Capital Management L.P. increased its stake in shares of ONE Gas by 276.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 682 shares of the utilities provider's stock valued at $50,000 after buying an additional 501 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of ONE Gas in the 1st quarter valued at $104,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of ONE Gas by 8.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the utilities provider's stock worth $154,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OGS. Wells Fargo & Company raised their price target on ONE Gas from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. Morgan Stanley raised their price target on ONE Gas from $57.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 21st. LADENBURG THALM/SH SH upgraded ONE Gas from a "neutral" rating to a "buy" rating and set a $64.50 price target on the stock in a research report on Tuesday, March 5th. Finally, UBS Group initiated coverage on ONE Gas in a report on Friday. They set a "sell" rating and a $61.00 target price on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $64.44.

ONE Gas Stock Down 1.0 %

Shares of NYSE:OGS traded down $0.63 during midday trading on Friday, reaching $62.08. The company had a trading volume of 473,120 shares, compared to its average volume of 318,501. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. The business's 50 day moving average price is $61.67 and its 200 day moving average price is $62.46. The stock has a market cap of $3.51 billion, a PE ratio of 15.00, a P/E/G ratio of 3.21 and a beta of 0.65. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $83.89.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting analysts' consensus estimates of $1.27. The firm had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The business's revenue was down 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 earnings per share. Research analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Thursday, February 22nd. This is an increase from ONE Gas's previous quarterly dividend of $0.65. ONE Gas's payout ratio is 63.77%.

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.