Range Financial Group LLC Invests $1.37 Million in ONE Gas, Inc. (NYSE:OGS)

Range Financial Group LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,832 shares of the utilities provider’s stock, valued at approximately $1,373,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new stake in ONE Gas during the third quarter worth $3,135,000. Pathstone Holdings LLC grew its stake in ONE Gas by 113.5% in the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 12,060 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in ONE Gas by 234.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after acquiring an additional 42,724 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ONE Gas by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after acquiring an additional 18,889 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of ONE Gas by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after purchasing an additional 18,477 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of OGS traded up $0.20 during midday trading on Tuesday, reaching $67.97. The stock had a trading volume of 382,043 shares, compared to its average volume of 353,736. 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 company has a market capitalization of $3.85 billion, a P/E ratio of 17.70 and a beta of 0.71. The firm’s 50 day moving average price is $72.63 and its 200-day moving average price is $70.40. ONE Gas, Inc. has a 52 week low of $57.74 and a 52 week high of $78.89.

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). The business had revenue of $340.40 million during 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%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a $0.66 dividend. This represents a $2.64 annualized dividend 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%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OGS. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research report on Friday, December 6th. Morgan Stanley raised their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average price target of $72.69.

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.