GAMMA Investing LLC Has $102,000 Stock Position in ONE Gas, Inc. (NYSE:OGS)

GAMMA Investing LLC grew its position in ONE Gas, Inc. (NYSE:OGS) by 102.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,346 shares of the utilities provider’s stock after buying an additional 682 shares during the period. GAMMA Investing LLC’s holdings in ONE Gas were worth $102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OGS. Norges Bank acquired a new stake in shares of ONE Gas in the 4th quarter valued at $43,344,000. Bank of Montreal Can boosted its position in shares of ONE Gas by 1,421.7% in the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider’s stock worth $33,865,000 after purchasing an additional 456,891 shares during the last quarter. Deutsche Bank AG boosted its position in shares of ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider’s stock worth $56,914,000 after purchasing an additional 310,460 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ONE Gas by 21.3% in the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock worth $59,849,000 after purchasing an additional 152,028 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of ONE Gas in the 4th quarter worth $6,599,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Performance

OGS stock opened at $72.95 on Monday. The business’s 50-day moving average price is $74.54 and its two-hundred day moving average price is $73.26. ONE Gas, Inc. has a 1-year low of $61.54 and a 1-year high of $82.25. The firm has a market cap of $4.37 billion, a PE ratio of 17.62, a P/E/G ratio of 3.06 and a beta of 0.80. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The firm had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. During the same quarter last year, the business posted $1.75 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Monday, May 19th. ONE Gas’s dividend payout ratio is 64.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley restated an “underperform” rating on shares of ONE Gas in a research report on Wednesday, June 18th. Wells Fargo & Company raised their price target on ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and raised their price target for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Guggenheim lifted their target price on ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, ONE Gas currently has an average rating of “Hold” and an average target price of $77.64.

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.