Range Financial Group LLC Acquires Shares of 19,832 ONE Gas, Inc. (NYSE:OGS)

Range Financial Group LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,832 shares of the utilities provider’s stock, valued at approximately $1,373,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OGS. Transcendent Capital Group LLC increased its stake in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares during the period. EverSource Wealth Advisors LLC increased its position in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in ONE Gas during the 3rd quarter worth about $45,000. GAMMA Investing LLC lifted its position in ONE Gas by 75.2% during 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, Nomura Asset Management Co. Ltd. grew its position in shares of ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

ONE Gas stock traded up $0.20 during midday trading on Tuesday, reaching $67.97. The company’s stock had a trading volume of 382,043 shares, compared to its average volume of 353,736. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.85 billion, a PE ratio of 17.70 and a beta of 0.71. ONE Gas, Inc. has a 52 week low of $57.74 and a 52 week high of $78.89. The business has a 50-day moving average price of $72.63 and a 200-day moving average price of $70.40.

ONE Gas (NYSE:OGS) last released its quarterly earnings data 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 firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

Several brokerages have commented on OGS. Jefferies Financial Group initiated coverage on shares of ONE Gas in a research report on Monday, December 9th. They set a “hold” rating and a $79.00 target price for the company. Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Bank of America assumed coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, Morgan Stanley boosted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.69.

ONE Gas 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.