MQS Management LLC Makes New Investment in ONE Gas, Inc. (NYSE:OGS)

MQS Management LLC bought a new stake in ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,207 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other large investors have also recently made changes to their positions in OGS. Hsbc Holdings PLC lifted its stake in ONE Gas by 23.6% in the second quarter. Hsbc Holdings PLC now owns 20,630 shares of the utilities provider’s stock valued at $1,315,000 after buying an additional 3,940 shares during the last quarter. Renaissance Technologies LLC raised its position in ONE Gas by 240.7% in the 2nd quarter. Renaissance Technologies LLC now owns 128,100 shares of the utilities provider’s stock valued at $8,179,000 after purchasing an additional 90,500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ONE Gas by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after purchasing an additional 61,192 shares during the last quarter. WINTON GROUP Ltd boosted its stake in ONE Gas by 8.5% during the 2nd quarter. WINTON GROUP Ltd now owns 15,037 shares of the utilities provider’s stock worth $960,000 after purchasing an additional 1,183 shares during the period. Finally, Inspire Advisors LLC purchased a new position in ONE Gas during the 2nd quarter worth $266,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on OGS. Wells Fargo & Company raised shares of ONE Gas from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $80.00 in a report on Wednesday, September 11th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Morgan Stanley lowered their target price on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Finally, Mizuho upped their price target on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus price target of $64.64.

ONE Gas Stock Down 0.1 %

OGS opened at $73.54 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $74.61. The stock has a market capitalization of $4.17 billion, a P/E ratio of 18.16, a P/E/G ratio of 3.84 and a beta of 0.66. The business has a 50 day simple moving average of $69.07 and a 200-day simple moving average of $64.96.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, equities analysts anticipate that ONE Gas, Inc. will post 3.84 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.59%. 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.