ONE Gas, Inc. (NYSE:OGS) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 61.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 140,914 shares of the utilities provider’s stock after purchasing an additional 53,800 shares during the period. First Eagle Investment Management LLC’s holdings in ONE Gas were worth $9,758,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new position in shares of ONE Gas during the third quarter valued at approximately $3,135,000. Pathstone Holdings LLC increased its stake in shares of ONE Gas by 113.5% during the third 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 period. Atria Wealth Solutions Inc. acquired a new position in shares of ONE Gas during the fourth quarter valued at approximately $203,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of ONE Gas by 234.1% during the third 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 during the period. Finally, KBC Group NV increased its stake in shares of ONE Gas by 41.0% during the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 645 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 2.3 %

ONE Gas stock opened at $74.10 on Friday. The company has a 50 day moving average price of $71.67 and a 200 day moving average price of $72.19. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. Research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.67 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.62%. ONE Gas’s dividend payout ratio is presently 68.54%.

Analyst Ratings Changes

OGS has been the subject of a number of research reports. Bank of America initiated coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 target price for the company. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a report on Friday, December 6th. Stifel Nicolaus raised their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group reduced their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.31.

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.