42,127 Shares in ONE Gas, Inc. (NYSE:OGS) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,127 shares of the utilities provider's stock, valued at approximately $3,135,000. Oddo BHF Asset Management Sas owned 0.07% of ONE Gas at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in ONE Gas by 72.1% during the second quarter. CWM LLC now owns 1,432 shares of the utilities provider's stock worth $91,000 after purchasing an additional 600 shares in the last quarter. SG Americas Securities LLC raised its position in ONE Gas by 44.0% during the second quarter. SG Americas Securities LLC now owns 9,369 shares of the utilities provider's stock worth $598,000 after acquiring an additional 2,861 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of ONE Gas by 273,100.0% in the second quarter. Blue Trust Inc. now owns 5,464 shares of the utilities provider's stock valued at $353,000 after purchasing an additional 5,462 shares in the last quarter. Everpar Advisors LLC increased its stake in shares of ONE Gas by 4.6% during the 2nd quarter. Everpar Advisors LLC now owns 7,555 shares of the utilities provider's stock worth $482,000 after purchasing an additional 334 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of ONE Gas by 1.5% in the second quarter. Boston Trust Walden Corp now owns 950,716 shares of the utilities provider's stock valued at $60,703,000 after acquiring an additional 14,016 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OGS shares. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a report on Friday, December 6th. LADENBURG THALM/SH SH lowered ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Wells Fargo & Company reduced their target price on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $72.69.

ONE Gas Price Performance

Shares of NYSE OGS traded up $0.17 during midday trading on Friday, reaching $70.38. The company's stock had a trading volume of 540,607 shares, compared to its average volume of 407,834. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 18.33 and a beta of 0.70. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $73.86 and a 200 day moving average price of $69.33.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter last year, the business earned $0.45 EPS. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas's dividend payout ratio (DPR) is presently 68.75%.

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.