International Assets Investment Management LLC Purchases Shares of 138,492 ONE Gas, Inc. (NYSE:OGS)

International Assets Investment Management LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 138,492 shares of the utilities provider’s stock, valued at approximately $8,825,000. International Assets Investment Management LLC owned about 0.25% of ONE Gas as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OGS. State Street Corp boosted its holdings in ONE Gas by 201.2% in the first quarter. State Street Corp now owns 6,266,661 shares of the utilities provider’s stock valued at $496,508,000 after purchasing an additional 4,186,102 shares during the last quarter. Morgan Stanley boosted its holdings in ONE Gas by 389.6% in the fourth quarter. Morgan Stanley now owns 1,380,333 shares of the utilities provider’s stock valued at $104,519,000 after purchasing an additional 1,098,392 shares during the last quarter. Norges Bank purchased a new stake in ONE Gas in the fourth quarter valued at $33,464,000. Wellington Management Group LLP purchased a new stake in ONE Gas in the first quarter valued at $33,454,000. Finally, AQR Capital Management LLC raised its position in shares of ONE Gas by 303.4% in the first quarter. AQR Capital Management LLC now owns 334,223 shares of the utilities provider’s stock worth $26,481,000 after acquiring an additional 251,380 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OGS has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their price objective on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. UBS Group initiated coverage on shares of ONE Gas in a research report on Friday. They issued a “sell” rating and a $61.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective for the company in a research report on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $64.44.

ONE Gas Stock Down 1.0 %

OGS opened at $62.08 on Friday. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $83.89. The company has a market cap of $3.51 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $61.67 and a 200 day moving average price of $62.51.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. During the same quarter in the prior year, the company earned $1.23 EPS. ONE Gas’s revenue was down 26.0% compared to the same quarter last year. Sell-side analysts expect that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from ONE Gas’s previous quarterly dividend of $0.65. ONE Gas’s dividend payout ratio is currently 63.77%.

ONE Gas 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.