Aster Capital Management DIFC Ltd Makes New $704,000 Investment in ONE Gas, Inc. (NYSE:OGS)

Aster Capital Management DIFC Ltd bought a new position in ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,160 shares of the utilities provider’s stock, valued at approximately $704,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OGS. Arizona State Retirement System increased its stake in shares of ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock worth $1,139,000 after purchasing an additional 152 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock valued at $1,497,000 after purchasing an additional 187 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares during the period. LPL Financial LLC increased its position in ONE Gas by 0.8% in the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock worth $1,994,000 after buying an additional 220 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of ONE Gas by 2.0% in the fourth quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider’s stock valued at $1,064,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Down 3.5 %

Shares of NYSE:OGS opened at $73.66 on Friday. The firm has a fifty day moving average price of $73.07 and a two-hundred day moving average price of $72.67. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $78.89.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The company had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.67 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is currently 68.54%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OGS. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Bank of America initiated coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. Morgan Stanley boosted their price target on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a report on Monday, March 17th. Finally, Jefferies Financial Group lowered their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.44.

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.