AQR Capital Management LLC Sells 36,099 Shares of ONE Gas, Inc. (NYSE:OGS)

AQR Capital Management LLC lessened its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,406 shares of the utilities provider's stock after selling 36,099 shares during the period. AQR Capital Management LLC owned about 0.26% of ONE Gas worth $9,205,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in ONE Gas during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 349 shares during the last quarter. Jones Financial Companies Lllp increased its stake in ONE Gas by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 337 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in ONE Gas by 147.8% in the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 479 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in ONE Gas in the second quarter valued at approximately $64,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

NYSE OGS traded down $0.21 during trading hours on Thursday, reaching $72.73. 189,781 shares of the company were exchanged, compared to its average volume of 417,534. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4.12 billion, a P/E ratio of 18.00, a P/E/G ratio of 3.86 and a beta of 0.66. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $74.99. The business's 50 day simple moving average is $69.96 and its 200-day simple moving average is $65.61.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The business had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. During the same period last year, the firm earned $0.58 EPS. The business's revenue for the quarter was down 11.0% on a year-over-year basis. On average, equities research analysts expect that ONE Gas, Inc. will post 3.84 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, August 14th. ONE Gas's dividend payout ratio (DPR) is presently 65.19%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OGS. StockNews.com cut shares of ONE Gas from a "hold" rating to a "sell" rating in a research note on Saturday, July 20th. Wells Fargo & Company raised shares of ONE Gas from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $71.00 to $80.00 in a research note on Wednesday, September 11th. Morgan Stanley lifted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Mizuho raised their target price on shares of ONE Gas from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $66.21.

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.