Quantbot Technologies LP Invests $1.35 Million in ONE Gas, Inc. (NYSE:OGS)

Quantbot Technologies LP acquired a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,540 shares of the utilities provider's stock, valued at approximately $1,353,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of ONE Gas by 0.9% during the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after purchasing an additional 152 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in ONE Gas by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock worth $1,497,000 after buying an additional 187 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after buying an additional 210 shares in the last quarter. UMB Bank n.a. lifted its position in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 362 shares in the last quarter. Finally, Xponance Inc. raised its stake in ONE Gas by 4.7% in the 4th quarter. Xponance Inc. now owns 8,006 shares of the utilities provider's stock valued at $554,000 after purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Remove Ads

ONE Gas Trading Up 2.9 %

ONE Gas stock traded up $2.16 during trading on Friday, hitting $75.89. The company had a trading volume of 516,210 shares, compared to its average volume of 400,552. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The company's 50 day simple moving average is $72.51 and its 200-day simple moving average is $72.49. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting analysts' consensus estimates of $1.34. The company had revenue of $630.70 million during the quarter, compared to analysts' expectations of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. As a group, analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.53%. This is a boost 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Bank of America initiated coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a "buy" rating and a $77.00 price objective for the company. Jefferies Financial Group cut their price objective on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a report on Monday, March 17th. Finally, Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $72.44.

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.