Quantbot Technologies LP Takes Position in ONE Gas, Inc. (NYSE:OGS)

Quantbot Technologies LP acquired a new stake in ONE Gas, Inc. (NYSE:OGSFree Report) during the third quarter, HoldingsChannel reports. The firm acquired 3,392 shares of the utilities provider’s stock, valued at approximately $232,000.

A number of other hedge funds have also made changes to their positions in OGS. HighTower Advisors LLC increased its holdings in shares of ONE Gas by 1.8% in the 1st quarter. HighTower Advisors LLC now owns 11,783 shares of the utilities provider’s stock valued at $1,038,000 after acquiring an additional 211 shares during the last quarter. AlphaCrest Capital Management LLC increased its holdings in shares of ONE Gas by 34.8% in the 1st quarter. AlphaCrest Capital Management LLC now owns 4,448 shares of the utilities provider’s stock valued at $392,000 after acquiring an additional 1,148 shares during the last quarter. Natixis Advisors L.P. increased its holdings in shares of ONE Gas by 5.1% in the 1st quarter. Natixis Advisors L.P. now owns 14,201 shares of the utilities provider’s stock valued at $1,253,000 after acquiring an additional 684 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of ONE Gas by 2.9% in the 1st quarter. Bank of Montreal Can now owns 24,354 shares of the utilities provider’s stock valued at $2,157,000 after acquiring an additional 682 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in ONE Gas during the 1st quarter worth approximately $872,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 1.0 %

ONE Gas stock opened at $60.85 on Friday. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $83.89. The stock has a 50 day moving average of $62.04 and a two-hundred day moving average of $66.68. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.11 and a beta of 0.66.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.34%. This is a boost from ONE Gas’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, February 22nd. ONE Gas’s dividend payout ratio (DPR) is presently 63.41%.

Analysts Set New Price Targets

OGS has been the topic of a number of research reports. TheStreet downgraded ONE Gas from a “b-” rating to a “c+” rating in a research note on Monday, October 16th. Wells Fargo & Company dropped their price target on ONE Gas from $81.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, October 20th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Morgan Stanley dropped their price target on ONE Gas from $66.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 21st. Finally, Mizuho dropped their price target on ONE Gas from $67.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $68.00.

Read Our Latest Stock Analysis on ONE Gas

ONE Gas Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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