Connor Clark & Lunn Investment Management Ltd. Purchases New Position in ONE Gas, Inc. (NYSE:OGS)

Connor Clark & Lunn Investment Management Ltd. bought a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,589 shares of the utilities provider's stock, valued at approximately $1,634,000.

Other large investors have also made changes to their positions in the company. Oddo BHF Asset Management Sas bought a new stake in shares of ONE Gas in the 3rd quarter worth about $3,135,000. Pathstone Holdings LLC lifted its position in ONE Gas by 113.5% during the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider's stock worth $1,688,000 after buying an additional 12,060 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in ONE Gas during the 4th quarter worth about $203,000. Teachers Retirement System of The State of Kentucky lifted its position in ONE Gas by 234.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider's stock worth $4,539,000 after buying an additional 42,724 shares in the last quarter. Finally, KBC Group NV lifted its position in ONE Gas by 41.0% during the 4th 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. Institutional investors own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OGS shares. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Monday, March 17th. Stifel Nicolaus upped their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley upped their price target on shares of ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Jefferies Financial Group cut their target price on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $72.44.

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ONE Gas Trading Down 1.4 %

ONE Gas stock traded down $1.04 during trading hours on Friday, reaching $73.11. 629,249 shares of the company's stock traded hands, compared to its average volume of 375,278. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $78.89. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 3.64 and a beta of 0.66. The firm's 50 day moving average is $72.29 and its 200-day moving average is $72.40.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting analysts' consensus estimates of $1.34. The business had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.67%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas's dividend payout ratio (DPR) is currently 68.54%.

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.