Twinbeech Capital LP Takes Position in ONE Gas, Inc. (NYSE:OGS)

Twinbeech Capital LP acquired a new stake in ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,104 shares of the utilities provider’s stock, valued at approximately $215,000.

A number of other hedge funds also recently made changes to their positions in OGS. UMB Bank n.a. raised its stake in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after buying an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of ONE Gas in the 4th quarter valued at $26,000. Crews Bank & Trust acquired a new position in shares of ONE Gas in the 4th quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ONE Gas in the 4th quarter valued at $50,000. Finally, Sound Income Strategies LLC acquired a new position in shares of ONE Gas in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 1.3%

Shares of NYSE:OGS opened at $74.41 on Friday. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $82.25. The company’s 50-day moving average price is $75.72 and its two-hundred day moving average price is $73.49. 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 $4.46 billion, a P/E ratio of 19.03, a P/E/G ratio of 3.64 and a beta of 0.86.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The company’s revenue was up 23.3% on a year-over-year basis. As a group, research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas’s dividend payout ratio is currently 64.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OGS. Wells Fargo & Company increased their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research report on Friday, May 9th. Finally, Guggenheim increased their target price on shares of ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.81.

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.