Deutsche Bank AG Grows Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Deutsche Bank AG increased its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 60.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 821,860 shares of the utilities provider's stock after buying an additional 310,460 shares during the period. Deutsche Bank AG owned 1.45% of ONE Gas worth $56,914,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in ONE Gas in the fourth quarter worth about $203,000. KBC Group NV raised its stake in ONE Gas by 41.0% in the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock worth $154,000 after buying an additional 645 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in ONE Gas by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock worth $54,239,000 after buying an additional 24,860 shares in the last quarter. Sanctuary Advisors LLC raised its stake in ONE Gas by 9.8% in the fourth quarter. Sanctuary Advisors LLC now owns 5,952 shares of the utilities provider's stock worth $420,000 after buying an additional 531 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $74.00 target price on shares of ONE Gas and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Guggenheim raised their target price on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $76.44.

ONE Gas Stock Performance

NYSE:OGS traded up $0.99 during trading hours on Friday, reaching $75.14. The company had a trading volume of 563,533 shares, compared to its average volume of 446,162. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $82.25. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 3.64 and a beta of 0.86. The firm's 50 day moving average price is $75.60 and its 200-day moving average price is $73.37.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.13. The business had revenue of $935.19 million for the quarter, compared to analysts' expectations 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 was up 23.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. On average, analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas's dividend payout ratio is presently 64.73%.

About ONE Gas

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.