Hexagon Capital Partners LLC Has $52,000 Stake in ONE Gas, Inc. (NYSE:OGS)

Hexagon Capital Partners LLC raised its holdings in ONE Gas, Inc. (NYSE:OGS) by 147.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 803 shares of the utilities provider’s stock after buying an additional 479 shares during the period. Hexagon Capital Partners LLC’s holdings in ONE Gas were worth $52,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OGS. BKM Wealth Management LLC bought a new stake in ONE Gas during the fourth quarter worth about $28,000. Quadrant Capital Group LLC boosted its holdings in shares of ONE Gas by 290.4% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after buying an additional 334 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of ONE Gas by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after buying an additional 337 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of ONE Gas in the third quarter valued at $255,000. Finally, Insight Folios Inc acquired a new position in ONE Gas during the fourth quarter worth $278,000. 88.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho increased their price target on shares of ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Morgan Stanley reduced their price target on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. UBS Group assumed coverage on ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective on the stock. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.69.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $62.78 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 3.32 and a beta of 0.66. The stock’s fifty day moving average price is $62.48 and its two-hundred day moving average price is $62.19. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $82.06.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The company’s revenue was down 26.5% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. On average, equities analysts forecast that ONE Gas, Inc. will post 3.85 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.21%. ONE Gas’s payout ratio is 65.19%.

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.