Susquehanna International Group LLP Purchases 21,867 Shares of ONE Gas, Inc. (NYSE:OGS)

Susquehanna International Group LLP raised its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 942.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,188 shares of the utilities provider's stock after buying an additional 21,867 shares during the period. Susquehanna International Group LLP's holdings in ONE Gas were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new stake in shares of ONE Gas during the fourth quarter worth approximately $203,000. KBC Group NV grew its stake in shares of ONE Gas by 41.0% during the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock valued at $154,000 after purchasing an additional 645 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ONE Gas by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock valued at $54,239,000 after purchasing an additional 24,860 shares during the last quarter. Sanctuary Advisors LLC grew its stake 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 purchasing an additional 531 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Trading Down 1.9%

Shares of NYSE OGS traded down $1.42 during midday trading on Tuesday, reaching $73.18. 1,027,667 shares of the stock were exchanged, compared to its average volume of 439,455. The business has a 50-day simple moving average of $75.62 and a two-hundred day simple moving average of $73.34. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 3.64 and a beta of 0.86. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $82.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37.

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, topping analysts' consensus estimates of $1.85 by $0.13. The company 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 business's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. As a group, equities research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued 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 dividend yield of 3.66%. ONE Gas's payout ratio is 64.73%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OGS. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and increased their price target for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Guggenheim increased their price target 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. Morgan Stanley set a $74.00 price objective on shares of ONE Gas and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Friday. Finally, StockNews.com cut shares of ONE Gas from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, ONE Gas has a consensus rating of "Hold" and an average price target of $76.44.

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.