Occudo Quantitative Strategies LP purchased a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,655 shares of the utilities provider's stock, valued at approximately $599,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ONE Gas by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,067 shares of the utilities provider's stock valued at $2,221,000 after purchasing an additional 1,218 shares during the last quarter. Ethic Inc. boosted its stake in shares of ONE Gas by 27.7% during the 4th quarter. Ethic Inc. now owns 17,445 shares of the utilities provider's stock worth $1,208,000 after purchasing an additional 3,788 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of ONE Gas by 60.7% during the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after buying an additional 310,460 shares in the last quarter. Cetera Investment Advisers raised its position in shares of ONE Gas by 19.4% in the fourth quarter. Cetera Investment Advisers now owns 17,561 shares of the utilities provider's stock valued at $1,216,000 after buying an additional 2,853 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of ONE Gas by 31.9% in the fourth quarter. Bank of America Corp DE now owns 196,429 shares of the utilities provider's stock valued at $13,603,000 after buying an additional 47,516 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas Trading Down 0.3%
Shares of NYSE OGS traded down $0.23 during midday trading on Tuesday, hitting $75.50. The stock had a trading volume of 95,574 shares, compared to its average volume of 445,078. 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, Inc. has a 1-year low of $58.31 and a 1-year high of $82.25. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.64 and a beta of 0.86. The company has a fifty day moving average price of $75.66 and a 200 day moving average price of $73.41.
ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $935.19 million for the quarter, compared to analysts' expectations of $882.31 million. During the same period in the previous year, the company posted $1.75 earnings per share. ONE Gas's revenue was up 23.3% compared to the same quarter last year. On average, analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.55%. ONE Gas's dividend payout ratio (DPR) is 64.73%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on OGS. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim raised their price objective on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Finally, Morgan Stanley set a $74.00 price target on ONE Gas and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ONE Gas currently has an average rating of "Hold" and a consensus price target of $76.44.
Check Out Our Latest Research Report on OGS
ONE Gas Company Profile
(
Free Report)
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.
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