Alps Advisors Inc. Purchases 7,148 Shares of ONE Gas, Inc. $OGS

Alps Advisors Inc. increased its position in ONE Gas, Inc. (NYSE:OGS) by 38.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,507 shares of the utilities provider’s stock after purchasing an additional 7,148 shares during the period. Alps Advisors Inc.’s holdings in ONE Gas were worth $2,065,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Horizon Investment Services LLC acquired a new position in ONE Gas during the third quarter worth $262,000. Hantz Financial Services Inc. increased its position in shares of ONE Gas by 73.8% during the third quarter. Hantz Financial Services Inc. now owns 1,519 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 645 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of ONE Gas by 23.4% during the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock worth $8,341,000 after acquiring an additional 19,522 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of ONE Gas in the 3rd quarter worth about $1,925,000. Finally, Jones Financial Companies Lllp lifted its position in ONE Gas by 21.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,214 shares of the utilities provider’s stock valued at $579,000 after acquiring an additional 1,272 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 1.6%

Shares of ONE Gas stock opened at $83.11 on Wednesday. The firm has a market cap of $4.99 billion, a PE ratio of 19.37, a P/E/G ratio of 2.61 and a beta of 0.81. ONE Gas, Inc. has a 1 year low of $68.58 and a 1 year high of $84.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. The stock has a fifty day moving average price of $78.42 and a 200-day moving average price of $78.47.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a $0.68 dividend. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 20th. ONE Gas’s payout ratio is presently 62.47%.

Wall Street Analyst Weigh In

OGS has been the subject of a number of recent research reports. UBS Group decreased their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 5th. Mizuho increased their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Bank of America raised their price objective on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Jefferies Financial Group upped their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.57.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.