Geneos Wealth Management Inc. Purchases 862 Shares of ONE Gas, Inc. (NYSE:OGS)

Geneos Wealth Management Inc. boosted its position in ONE Gas, Inc. (NYSE:OGS) by 30.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,677 shares of the utilities provider’s stock after acquiring an additional 862 shares during the period. Geneos Wealth Management Inc.’s holdings in ONE Gas were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of ONE Gas by 66.3% during the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 169 shares during the period. BKM Wealth Management LLC bought a new position in shares of ONE Gas in the fourth quarter valued at $28,000. Quadrant Capital Group LLC lifted its stake in shares of ONE Gas by 290.4% in the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after buying an additional 334 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of ONE Gas by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after buying an additional 337 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of ONE Gas by 147.8% during the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 479 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 2.0 %

Shares of NYSE:OGS opened at $64.72 on Friday. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $82.06. The company has a market capitalization of $3.66 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 3.30 and a beta of 0.66. The business has a fifty day moving average price of $62.27 and a two-hundred day moving average price of $62.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $758.32 million for the quarter, compared to the consensus estimate of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. ONE Gas’s quarterly revenue was down 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. Analysts forecast that ONE Gas, Inc. will post 3.85 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 20th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.64 annualized dividend and a yield of 4.08%. ONE Gas’s payout ratio is 65.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OGS shares. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. Morgan Stanley cut their target price on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Mizuho increased their price target on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Finally, UBS Group started coverage on shares of ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and an average price target of $64.69.

ONE Gas 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.