Jefferies Financial Group Inc. Purchases 100,000 Shares of ONE Gas, Inc. $OGS

Jefferies Financial Group Inc. acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 100,000 shares of the utilities provider’s stock, valued at approximately $7,187,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of ONE Gas by 61.0% in the 1st quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 208 shares in the last quarter. State of Wyoming purchased a new position in ONE Gas during the second quarter valued at $60,000. Versant Capital Management Inc lifted its position in ONE Gas by 219.3% during the second quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 603 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in ONE Gas during the second quarter valued at $77,000. Finally, Public Employees Retirement System of Ohio purchased a new position in ONE Gas during the second quarter valued at $89,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $82.69 on Friday. The firm has a fifty day moving average price of $76.49 and a 200-day moving average price of $80.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.58 and a quick ratio of 0.40. The stock has a market cap of $5.20 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. ONE Gas, Inc. has a 1 year low of $70.37 and a 1 year high of $90.78.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. ONE Gas had a net margin of 12.61% and a return on equity of 8.80%. The firm had revenue of $391.31 million for the quarter, compared to the consensus estimate of $398.23 million. During the same period last year, the firm earned $0.44 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Equities analysts anticipate that ONE Gas, Inc. will post 4.93 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Monday, November 16th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, November 16th. ONE Gas’s dividend payout ratio is presently 58.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group lowered ONE Gas from a “buy” rating to a “hold” rating and cut their price target for the company from $103.00 to $80.00 in a report on Wednesday, October 7th. Wells Fargo & Company raised their price objective on ONE Gas from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 4th. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Scotiabank lifted their price objective on ONE Gas from $86.00 to $87.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 4th. Finally, Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Sunday, November 1st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.12.

ONE Gas Company Profile

ONE Gas, Inc. is a regulated natural gas distribution company that delivers natural gas to residential, commercial and industrial customers. Its operations serve communities in Oklahoma, Kansas and Texas. The company operates through three utility divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. Its services include distributing natural gas through local pipeline systems and maintaining the infrastructure used to provide that service. ONE Gas became an independent, publicly traded company in 2014 after separating from ONEOK, Inc. Its business is focused on natural gas distribution rather than exploration or production.