Jackson Creek Investment Advisors LLC Buys Shares of 23,777 ONE Gas, Inc. $OGS

Jackson Creek Investment Advisors LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the 3rd quarter, Holdings Channel reports. The firm purchased 23,777 shares of the utilities provider’s stock, valued at approximately $1,925,000.

A number of other hedge funds also recently made changes to their positions in OGS. Caldwell Trust Co bought a new position in ONE Gas in the 2nd quarter worth approximately $33,000. Daiwa Securities Group Inc. acquired a new position in ONE Gas during the 2nd quarter worth $50,000. Avalon Trust Co bought a new position in shares of ONE Gas in the second quarter worth $51,000. Hantz Financial Services Inc. increased its holdings in shares of ONE Gas by 5,362.5% during the second quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 858 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of ONE Gas by 130.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,400 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 793 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OGS. UBS Group decreased their target price on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Jefferies Financial Group boosted their price target on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Mizuho increased their price objective on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Morgan Stanley reiterated an “underperform” rating and set a $73.00 price objective on shares of ONE Gas in a research note on Wednesday, January 21st. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. 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’s stock. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $85.57.

ONE Gas Stock Performance

Shares of OGS opened at $79.90 on Tuesday. 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 firm’s 50 day moving average is $78.52 and its 200-day moving average is $78.12. ONE Gas, Inc. has a 12-month low of $68.58 and a 12-month high of $83.96. The stock has a market capitalization of $4.79 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.54 and a beta of 0.81.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $379.13 million during the quarter, compared to analysts’ expectations of $404.19 million. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Equities research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is 62.47%.

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.