4,156 Shares in ONE Gas, Inc. (NYSE:OGS) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in ONE Gas, Inc. (NYSE:OGS) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,156 shares of the utilities provider’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new stake in ONE Gas in the 4th quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ONE Gas in the fourth quarter worth $50,000. Farther Finance Advisors LLC lifted its position in ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 530 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in ONE Gas during the 4th quarter worth $77,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OGS. Guggenheim boosted their price objective on ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Morgan Stanley reissued an “underperform” rating on shares of ONE Gas in a research report on Wednesday, June 18th. Wells Fargo & Company increased their price objective on ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a research report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average target price of $77.64.

ONE Gas Stock Performance

NYSE:OGS opened at $75.20 on Monday. ONE Gas, Inc. has a 12-month low of $66.32 and a 12-month high of $82.25. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $4.51 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.82. The firm has a 50-day moving average price of $73.13 and a 200 day moving average price of $73.90.

ONE Gas (NYSE:OGS) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%. The business had revenue of $423.70 million during the quarter, compared to analysts’ expectations of $432.69 million. During the same period in the prior year, the firm posted $0.48 EPS. ONE Gas’s quarterly revenue was up 19.7% compared to the same quarter last year. Research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 18th. ONE Gas’s dividend payout ratio is currently 63.96%.

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.