Occudo Quantitative Strategies LP Buys Shares of 8,655 ONE Gas, Inc. (NYSE:OGS)

Occudo Quantitative Strategies LP bought a new position in ONE Gas, Inc. (NYSE:OGS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,655 shares of the utilities provider’s stock, valued at approximately $599,000.

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

ONE Gas Stock Performance

OGS opened at $71.94 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 3.64 and a beta of 0.86. The company has a fifty day moving average of $75.63 and a 200 day moving average of $73.34. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The business’s revenue was up 23.3% on a year-over-year basis. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas’s payout ratio is 64.73%.

Analyst Ratings Changes

OGS has been the topic of several analyst reports. Guggenheim lifted their target price on ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Morgan Stanley set a $74.00 target price on shares of ONE Gas and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Finally, LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.44.

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.