Point72 Asia Singapore Pte. Ltd. Makes New $50,000 Investment in ONE Gas, Inc. (NYSE:OGS)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the fourth quarter, HoldingsChannel reports. The fund purchased 721 shares of the utilities provider’s stock, valued at approximately $50,000.

Several other large investors have also made changes to their positions in the business. Point72 Asset Management L.P. bought a new position in shares of ONE Gas during the fourth quarter worth $290,000. Nomura Holdings Inc. purchased a new stake in ONE Gas in the 4th quarter worth $520,000. Occudo Quantitative Strategies LP bought a new position in shares of ONE Gas during the 4th quarter valued at about $599,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ONE Gas by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,067 shares of the utilities provider’s stock valued at $2,221,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of ONE Gas by 27.7% in the fourth quarter. Ethic Inc. now owns 17,445 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 3,788 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

NYSE:OGS opened at $75.14 on Monday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 3.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The business has a 50 day simple moving average of $75.60 and a 200-day simple moving average of $73.37. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $82.25.

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

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.57%. ONE Gas’s dividend payout ratio is presently 64.73%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OGS shares. Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Wells Fargo & Company increased their target price on ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research report on Friday, May 9th. Finally, Morgan Stanley set a $74.00 price target on shares of ONE Gas and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.44.

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.