Everpar Advisors LLC Invests $480,000 in ONE Gas, Inc. (NYSE:OGS)

Everpar Advisors LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,535 shares of the utilities provider’s stock, valued at approximately $480,000.

Other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new position in shares of ONE Gas during the fourth quarter valued at $28,000. DekaBank Deutsche Girozentrale purchased a new stake in ONE Gas in the 3rd quarter worth approximately $189,000. CI Investments Inc. boosted its position in ONE Gas by 288.0% in the 3rd quarter. CI Investments Inc. now owns 2,879 shares of the utilities provider’s stock worth $197,000 after purchasing an additional 2,137 shares in the last quarter. Blair William & Co. IL lifted its position in shares of ONE Gas by 8.4% during the 3rd quarter. Blair William & Co. IL now owns 3,080 shares of the utilities provider’s stock valued at $210,000 after buying an additional 238 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of ONE Gas during the 3rd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group assumed coverage on ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective for the company. Mizuho increased their price objective on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Wells Fargo & Company raised their target price on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Morgan Stanley raised their target price on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price for the company in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ONE Gas has an average rating of “Hold” and a consensus target price of $64.56.

ONE Gas Trading Down 0.4 %

Shares of NYSE:OGS traded down $0.25 during midday trading on Tuesday, reaching $64.84. 751,329 shares of the company’s stock were exchanged, compared to its average volume of 420,612. The firm’s 50 day simple moving average is $63.05 and its two-hundred day simple moving average is $61.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 3.39 and a beta of 0.65. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $83.89.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm had revenue of $758.32 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $1.84 earnings per share. The business’s revenue was down 26.5% compared to the same quarter last year. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, May 17th. ONE Gas’s dividend payout ratio (DPR) is 63.77%.

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.