Inceptionr LLC Purchases New Holdings in ONE Gas, Inc. (NYSE:OGS)

Inceptionr LLC purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,892 shares of the utilities provider’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OGS. UMB Bank n.a. increased its position in shares of ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares during the last quarter. Transcendent Capital Group LLC grew its position in ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares during the period. Crews Bank & Trust purchased a new stake in ONE Gas during the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas during the third quarter worth about $45,000. Finally, Sound Income Strategies LLC bought a new stake in ONE Gas in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of OGS opened at $74.59 on Monday. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $78.89. The stock’s 50-day simple moving average is $71.23 and its 200 day simple moving average is $72.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Friday, February 21st. ONE Gas’s payout ratio is 68.54%.

Analysts Set New Price Targets

OGS has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday, March 4th. 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 note on Friday, December 6th. Jefferies Financial Group cut their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Finally, Bank of America began coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.31.

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.