Integrated Investment Consultants LLC Purchases New Stake in ONE Gas, Inc. (NYSE:OGS)

Integrated Investment Consultants LLC acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,193 shares of the utilities provider’s stock, valued at approximately $461,000.

A number of other large investors also recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC raised its stake in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of ONE Gas during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares during the period. GAMMA Investing LLC lifted its stake in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of ONE Gas during the third quarter worth $60,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

NYSE OGS opened at $76.85 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 20.01 and a beta of 0.67. The business has a 50 day simple moving average of $73.38 and a 200 day simple moving average of $68.00. ONE Gas, Inc. has a 52-week low of $55.50 and a 52-week high of $76.97.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. Analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.44%. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Analyst Ratings Changes

Several research firms have weighed in on OGS. Morgan Stanley increased their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company reduced their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and an average price target of $68.10.

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.