AQR Capital Management LLC Acquires 8,855 Shares of ONE Gas Inc (NYSE:OGS)

AQR Capital Management LLC increased its holdings in ONE Gas Inc (NYSE:OGS) by 36.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,252 shares of the utilities provider’s stock after purchasing an additional 8,855 shares during the period. AQR Capital Management LLC owned approximately 0.06% of ONE Gas worth $2,781,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OGS. Bank of Montreal Can boosted its holdings in ONE Gas by 30.2% in the fourth quarter. Bank of Montreal Can now owns 28,443 shares of the utilities provider’s stock worth $2,661,000 after purchasing an additional 6,604 shares in the last quarter. Alphasimplex Group LLC boosted its holdings in ONE Gas by 4.5% in the fourth quarter. Alphasimplex Group LLC now owns 5,084 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 220 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in ONE Gas by 5.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,311 shares of the utilities provider’s stock worth $1,620,000 after purchasing an additional 901 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in ONE Gas by 2.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 48,083 shares of the utilities provider’s stock valued at $4,499,000 after acquiring an additional 1,060 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in ONE Gas by 19.6% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,647 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 597 shares during the period. Hedge funds and other institutional investors own 79.13% of the company’s stock.

NYSE OGS opened at $77.05 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a 50-day simple moving average of $78.75 and a 200 day simple moving average of $85.72. ONE Gas Inc has a twelve month low of $63.67 and a twelve month high of $96.97. The stock has a market cap of $3.96 billion, a PE ratio of 22.20, a PEG ratio of 3.84 and a beta of 0.29.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, April 27th. The utilities provider reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.06). ONE Gas had a net margin of 12.16% and a return on equity of 8.67%. The company had revenue of $528.20 million during the quarter, compared to the consensus estimate of $621.40 million. During the same quarter in the previous year, the business posted $1.76 EPS. The firm’s quarterly revenue was down 20.1% on a year-over-year basis. Research analysts forecast that ONE Gas Inc will post 3.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, May 12th. ONE Gas’s dividend payout ratio (DPR) is presently 61.54%.

A number of equities research analysts have issued reports on OGS shares. Morgan Stanley decreased their price target on shares of ONE Gas from $72.00 to $69.00 and set an “underweight” rating for the company in a report on Wednesday, June 17th. UBS Group decreased their price target on shares of ONE Gas from $91.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Zacks Investment Research cut shares of ONE Gas from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Tuesday, May 19th. Finally, Sidoti decreased their price target on shares of ONE Gas from $97.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $89.63.

ONE Gas Company Profile

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

Read More: Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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