Oppenheimer Asset Management Inc. Has $1.50 Million Stock Position in ONE Gas, Inc. (NYSE:OGS)

Oppenheimer Asset Management Inc. boosted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,615 shares of the utilities provider’s stock after purchasing an additional 187 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ONE Gas were worth $1,497,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after acquiring an additional 645,566 shares during the period. Verition Fund Management LLC boosted its stake in ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after purchasing an additional 306,974 shares during the period. Rockefeller Capital Management L.P. grew its position in ONE Gas by 32.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider’s stock worth $18,599,000 after purchasing an additional 60,922 shares in the last quarter. Barclays PLC raised its stake in ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock valued at $7,859,000 after purchasing an additional 54,237 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after purchasing an additional 42,724 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Price Performance

NYSE OGS opened at $76.00 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.55 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72. ONE Gas, Inc. has a 12-month low of $58.31 and a 12-month high of $78.89. The company has a 50 day moving average price of $70.90 and a two-hundred day moving average price of $71.87.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. As a group, equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.53%. ONE Gas’s dividend payout ratio is currently 68.54%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OGS shares. Bank of America assumed coverage on ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. Jefferies Financial Group lowered their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Stifel Nicolaus increased their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Finally, LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.31.

About ONE Gas

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.