Oddo BHF Asset Management Sas Purchases New Shares in ONE Gas, Inc. (NYSE:OGS)

Oddo BHF Asset Management Sas purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the third quarter, Holdings Channel.com reports. The fund purchased 42,127 shares of the utilities provider’s stock, valued at approximately $3,135,000.

A number of other large investors also recently made changes to their positions in OGS. Wellington Management Group LLP lifted its position in shares of ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after purchasing an additional 645,566 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of ONE Gas by 320.2% during the third quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock valued at $29,980,000 after purchasing an additional 306,974 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of ONE Gas by 9,036.9% during the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock valued at $15,061,000 after purchasing an additional 200,168 shares in the last quarter. Finally, Earnest Partners LLC bought a new position in shares of ONE Gas during the second quarter valued at about $12,594,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

NYSE OGS opened at $72.00 on Friday. The company’s 50 day moving average is $73.92 and its 200-day moving average is $69.26. ONE Gas, Inc. has a 12-month low of $57.74 and a 12-month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.08 billion, a P/E ratio of 18.28 and a beta of 0.70.

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

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday. They issued a “buy” rating and a $77.00 price objective on the stock. 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. Wells Fargo & Company lowered their price objective 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. Stifel Nicolaus lifted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group assumed coverage on shares of ONE Gas in a research report on Monday. They issued a “hold” rating and a $79.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus 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.