Schonfeld Strategic Advisors LLC Makes New $415,000 Investment in ONE Gas, Inc. (NYSE:OGS)

Schonfeld Strategic Advisors LLC bought a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,989 shares of the utilities provider's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OGS. Atria Wealth Solutions Inc. purchased a new position in shares of ONE Gas in the fourth quarter valued at about $203,000. KBC Group NV boosted its stake in ONE Gas by 41.0% during the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock worth $154,000 after acquiring an additional 645 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 24,860 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of ONE Gas by 9.8% during the fourth quarter. Sanctuary Advisors LLC now owns 5,952 shares of the utilities provider's stock valued at $420,000 after buying an additional 531 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in ONE Gas by 3,620.0% in the 4th 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 currently owned by institutional investors.

ONE Gas Stock Performance

NYSE OGS traded down $1.35 on Wednesday, reaching $71.94. 922,906 shares of the stock were exchanged, compared to its average volume of 441,381. The company's 50-day simple moving average is $75.63 and its two-hundred day simple moving average is $73.34. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $82.25. The firm has a market capitalization of $4.31 billion, a PE ratio of 18.40, a PEG ratio of 3.64 and a beta of 0.86. 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 (NYSE:OGS - Get Free Report) last posted its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $935.19 million during the quarter, compared to analysts' expectations of $882.31 million. During the same period last year, the company posted $1.75 earnings per share. ONE Gas's quarterly revenue was up 23.3% on a year-over-year basis. Analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 annualized dividend and a yield of 3.73%. ONE Gas's payout ratio is currently 64.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OGS. Morgan Stanley set a $74.00 price target on ONE Gas and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Guggenheim increased their target price on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $76.44.

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.