WINTON GROUP Ltd Acquires 304 Shares of ONE Gas, Inc. (NYSE:OGS)

WINTON GROUP Ltd boosted its holdings in ONE Gas, Inc. (NYSE:OGS) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,359 shares of the utilities provider’s stock after buying an additional 304 shares during the period. WINTON GROUP Ltd’s holdings in ONE Gas were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. grew its position in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares in the last quarter. Crews Bank & Trust bought a new position in ONE Gas in the 4th quarter worth about $35,000. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas during the 3rd quarter valued at about $45,000. Nomura Asset Management Co. Ltd. increased its position in shares of 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 buying an additional 210 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of ONE Gas in the fourth quarter worth about $51,000. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 2.9 %

Shares of OGS stock opened at $75.89 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.54 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The business has a 50-day moving average price of $72.57 and a two-hundred day moving average price of $72.54. ONE Gas, Inc. has a 12-month low of $58.31 and a 12-month high of $78.89.

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

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, February 21st. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is presently 68.54%.

Analyst Ratings Changes

A number of analysts recently weighed in on OGS shares. Jefferies Financial Group decreased 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. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley lifted their price objective on ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $72.44.

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.