BNP Paribas Financial Markets Purchases 8,249 Shares of ONE Gas, Inc. (NYSE:OGS)

BNP Paribas Financial Markets increased its position in ONE Gas, Inc. (NYSE:OGS) by 51.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,377 shares of the utilities provider’s stock after acquiring an additional 8,249 shares during the quarter. BNP Paribas Financial Markets’ holdings in ONE Gas were worth $1,688,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OGS. Barclays PLC boosted its position in shares of ONE Gas by 105.6% in the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock valued at $7,859,000 after acquiring an additional 54,237 shares during the period. Hennessy Advisors Inc. boosted its position in shares of ONE Gas by 2.8% in the fourth quarter. Hennessy Advisors Inc. now owns 87,775 shares of the utilities provider’s stock valued at $6,078,000 after acquiring an additional 2,400 shares during the period. UMB Bank n.a. boosted its position in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 362 shares during the period. Sound Income Strategies LLC bought a new position in shares of ONE Gas in the fourth quarter valued at approximately $51,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of ONE Gas by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 119,397 shares of the utilities provider’s stock valued at $8,268,000 after acquiring an additional 904 shares during the period. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Up 1.3%

OGS stock opened at $75.14 on Friday. The company has a market capitalization of $4.50 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $82.25. The company’s 50 day moving average price is $75.60 and its two-hundred day moving average price is $73.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.85 by $0.13. The firm had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. As a group, analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas’s payout ratio is 64.73%.

Analyst Ratings Changes

A number of brokerages recently weighed in on OGS. Guggenheim raised their target price on shares of ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Wells Fargo & Company raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Jefferies Financial Group raised shares of ONE Gas from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Morgan Stanley set a $74.00 target price on shares of ONE Gas and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus price target of $76.44.

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.