Oppenheimer Asset Management Inc. Invests $1.60 Million in ONE Gas, Inc. (NYSE:OGS)

Oppenheimer Asset Management Inc. acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,428 shares of the utilities provider's stock, valued at approximately $1,595,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of ONE Gas by 6.3% in the second 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider's stock worth $93,873,000 after purchasing an additional 10,189 shares during the last quarter. Energy Income Partners LLC lifted its holdings in shares of ONE Gas by 52.9% in the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider's stock worth $68,317,000 after purchasing an additional 366,363 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider's stock worth $78,082,000 after purchasing an additional 98,489 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in ONE Gas by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider's stock valued at $57,308,000 after acquiring an additional 61,192 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OGS. Wells Fargo & Company cut their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley lifted their price target on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Finally, StockNews.com cut ONE Gas from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ONE Gas has a consensus rating of "Hold" and a consensus target price of $68.10.

ONE Gas Trading Up 1.3 %

Shares of ONE Gas stock traded up $1.00 on Monday, hitting $76.40. 71,823 shares of the company's stock traded hands, compared to its average volume of 408,020. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $76.73. The firm's 50-day moving average price is $72.99 and its two-hundred day moving average price is $67.79. The stock has a market capitalization of $4.33 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 3.89 and a beta of 0.67.

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

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.46%. ONE Gas's payout ratio is presently 68.75%.

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.