DekaBank Deutsche Girozentrale Buys 4,175 Shares of ONE Gas, Inc. (NYSE:OGS)

DekaBank Deutsche Girozentrale lifted its stake in ONE Gas, Inc. (NYSE:OGS) by 152.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,917 shares of the utilities provider’s stock after purchasing an additional 4,175 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ONE Gas were worth $443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its stake in ONE Gas by 201.2% during the 1st quarter. State Street Corp now owns 6,266,661 shares of the utilities provider’s stock worth $496,508,000 after buying an additional 4,186,102 shares during the period. Morgan Stanley raised its stake in ONE Gas by 389.6% during the 4th quarter. Morgan Stanley now owns 1,380,333 shares of the utilities provider’s stock worth $104,519,000 after buying an additional 1,098,392 shares during the period. Norges Bank acquired a new stake in ONE Gas during the 4th quarter worth $33,464,000. Wellington Management Group LLP acquired a new stake in ONE Gas during the 1st quarter worth $33,454,000. Finally, AQR Capital Management LLC raised its stake in ONE Gas by 303.4% during the 1st quarter. AQR Capital Management LLC now owns 334,223 shares of the utilities provider’s stock worth $26,481,000 after buying an additional 251,380 shares during the period. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

OGS opened at $61.97 on Tuesday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 3.21 and a beta of 0.65. The business’s 50-day moving average price is $61.74 and its two-hundred day moving average price is $62.41. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $83.89.

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

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.66 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.26%. This is a boost from ONE Gas’s previous quarterly dividend of $0.65. ONE Gas’s dividend payout ratio (DPR) is presently 63.77%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley raised their price objective on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Wells Fargo & Company raised their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. UBS Group started coverage on ONE Gas in a research note on Friday. They issued a “sell” rating and a $61.00 price target on the stock. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target on the stock in a research note on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.44.

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.