Inceptionr LLC Buys Shares of 3,892 ONE Gas, Inc. (NYSE:OGS)

Inceptionr LLC purchased a new position in ONE Gas, Inc. (NYSE:OGS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,892 shares of the utilities provider’s stock, valued at approximately $270,000.

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

ONE Gas Stock Up 2.7 %

ONE Gas stock opened at $74.59 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The firm 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. The firm’s fifty day moving average price is $71.23 and its two-hundred day moving average price is $72.06.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. On average, equities research 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 declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.67 dividend. 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 yield of 3.59%. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas’s dividend payout ratio is presently 68.54%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OGS. Jefferies Financial Group lowered their target price on 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 lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. Stifel Nicolaus boosted 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. Bank of America initiated coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. Finally, StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $72.31.

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.