Inceptionr LLC purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,892 shares of the utilities provider's stock, valued at approximately $270,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in ONE Gas by 3,620.0% during the 4th 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. Transcendent Capital Group LLC grew its stake in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after buying an additional 266 shares during the last quarter. Crews Bank & Trust bought a new position in ONE Gas in the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB acquired a new stake in ONE Gas during the third quarter worth approximately $45,000. Finally, Sound Income Strategies LLC bought a new stake in shares of ONE Gas during the fourth quarter worth approximately $51,000. Institutional investors own 88.71% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on OGS shares. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday. Stifel Nicolaus increased their price target on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH downgraded ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target for the company. in a research note on Friday, December 6th. Finally, Jefferies Financial Group reduced their price objective on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $72.31.
Read Our Latest Research Report on OGS
ONE Gas Price Performance
Shares of NYSE OGS traded down $0.15 during midday trading on Thursday, reaching $72.46. 338,556 shares of the company were exchanged, compared to its average volume of 377,777. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $78.89. The stock has a market cap of $4.34 billion, a P/E ratio of 18.53, a PEG ratio of 3.64 and a beta of 0.66. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The stock's 50-day moving average price is $71.49 and its 200-day moving average price is $72.15.
ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.
ONE Gas Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.70%. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas's payout ratio is presently 68.54%.
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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