Verition Fund Management LLC Boosts Stock Position in ONE Gas, Inc. (NYSE:OGS)

Verition Fund Management LLC increased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 320.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,849 shares of the utilities provider’s stock after acquiring an additional 306,974 shares during the period. Verition Fund Management LLC owned about 0.71% of ONE Gas worth $29,980,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its stake in shares of ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Rothschild Investment LLC acquired a new stake in ONE Gas during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 349 shares during the period. GAMMA Investing LLC grew its stake in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of ONE Gas during the third quarter worth $60,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Up 0.8 %

Shares of NYSE:OGS opened at $77.59 on Friday. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock has a market cap of $4.40 billion, a P/E ratio of 20.21 and a beta of 0.67. The firm has a fifty day moving average price of $73.93 and a 200 day moving average price of $68.53.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Sell-side analysts predict that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.40%. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

Wall Street Analysts Forecast Growth

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

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.