Jackson Creek Investment Advisors LLC Invests $1.93 Million in ONE Gas, Inc. $OGS

Jackson Creek Investment Advisors LLC purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 23,777 shares of the utilities provider’s stock, valued at approximately $1,925,000.

A number of other institutional investors have also recently added to or reduced their stakes in OGS. Jones Financial Companies Lllp grew its stake in shares of ONE Gas by 21.4% during the third quarter. Jones Financial Companies Lllp now owns 7,214 shares of the utilities provider’s stock valued at $579,000 after acquiring an additional 1,272 shares in the last quarter. AlphaQuest LLC boosted its holdings in ONE Gas by 9.1% in the third quarter. AlphaQuest LLC now owns 11,260 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 936 shares during the last quarter. Arizona State Retirement System grew its stake in ONE Gas by 5.6% during the 3rd quarter. Arizona State Retirement System now owns 18,473 shares of the utilities provider’s stock valued at $1,495,000 after purchasing an additional 984 shares in the last quarter. New York State Common Retirement Fund increased its holdings in ONE Gas by 7.5% during the 3rd quarter. New York State Common Retirement Fund now owns 20,125 shares of the utilities provider’s stock worth $1,629,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of ONE Gas by 269.0% in the 3rd quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock valued at $3,472,000 after purchasing an additional 31,275 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $79.90 on Tuesday. The company has a market cap of $4.79 billion, a PE ratio of 18.62, a P/E/G ratio of 2.54 and a beta of 0.81. ONE Gas, Inc. has a fifty-two week low of $68.58 and a fifty-two week high of $83.96. The firm has a 50-day simple moving average of $78.52 and a 200 day simple moving average of $78.12. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The company had revenue of $379.13 million during the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.ONE Gas’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be paid a $0.68 dividend. The ex-dividend date is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is 62.47%.

Analysts Set New Price Targets

OGS has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group boosted their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Bank of America increased their price target on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley reiterated an “underperform” rating and issued a $73.00 price target on shares of ONE Gas in a research note on Wednesday, January 21st. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $85.57.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.