ONE Gas, Inc. (NYSE:OGS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 80.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,863 shares of the utilities provider's stock after purchasing an additional 7,494 shares during the period. SG Americas Securities LLC's holdings in ONE Gas were worth $1,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Energy Income Partners LLC raised its position in shares of ONE Gas by 52.9% during the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider's stock valued at $68,317,000 after buying an additional 366,363 shares during the period. American Century Companies Inc. raised its position in shares of ONE Gas by 6.3% during the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider's stock valued at $293,590,000 after buying an additional 272,923 shares during the period. Zimmer Partners LP purchased a new stake in shares of ONE Gas during the 1st quarter valued at approximately $16,939,000. Earnest Partners LLC purchased a new stake in shares of ONE Gas during the 2nd quarter valued at approximately $12,594,000. Finally, Jane Street Group LLC raised its position in shares of ONE Gas by 283.6% during the 1st quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider's stock valued at $12,469,000 after buying an additional 142,865 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Down 0.8 %

Shares of ONE Gas stock traded down $0.56 during trading hours on Thursday, reaching $70.80. 236,427 shares of the company were exchanged, compared to its average volume of 413,185. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $74.99. The stock's fifty day moving average is $70.21 and its 200 day moving average is $65.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The firm has a market cap of $4.01 billion, a PE ratio of 17.48, a PEG ratio of 3.80 and a beta of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The company had revenue of $354.14 million for the quarter, compared to analysts' expectations of $362.06 million. During the same period in the prior year, the company posted $0.58 EPS. The firm's revenue was down 11.0% compared to the same quarter last year. As a group, equities research analysts forecast 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 paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.73%. ONE Gas's payout ratio is currently 65.19%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised ONE Gas from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $71.00 to $80.00 in a research report on Wednesday, September 11th. Finally, StockNews.com lowered ONE Gas from a "hold" rating to a "sell" rating in a research report on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $66.58.

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.