Allianz Asset Management GmbH Increases Holdings in ONE Gas, Inc. $OGS

Allianz Asset Management GmbH raised its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 23.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,050 shares of the utilities provider’s stock after buying an additional 19,522 shares during the quarter. Allianz Asset Management GmbH owned about 0.17% of ONE Gas worth $8,341,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its stake in ONE Gas by 238.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,371 shares of the utilities provider’s stock worth $170,000 after buying an additional 1,670 shares in the last quarter. Rhumbline Advisers grew its position in ONE Gas by 7.9% in the second quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider’s stock worth $15,856,000 after acquiring an additional 16,249 shares in the last quarter. Quantbot Technologies LP bought a new position in ONE Gas in the second quarter valued at $2,542,000. Jackson Creek Investment Advisors LLC purchased a new stake in ONE Gas during the third quarter valued at about $1,925,000. Finally, Elo Mutual Pension Insurance Co lifted its stake in ONE Gas by 80.0% during the second quarter. Elo Mutual Pension Insurance Co now owns 18,195 shares of the utilities provider’s stock worth $1,307,000 after purchasing an additional 8,084 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ONE Gas Stock Down 0.9%

Shares of ONE Gas stock opened at $81.73 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. ONE Gas, Inc. has a 52-week low of $68.58 and a 52-week high of $84.11. The company’s 50 day moving average price is $78.37 and its 200-day moving average price is $78.40. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.63 and a beta of 0.81.

ONE Gas Increases Dividend

The company 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. The ex-dividend date is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio is presently 62.47%.

ONE Gas Company 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.