ONE Gas, Inc. (NYSE:OGS) Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 730 shares of the utilities provider’s stock after selling 143 shares during the quarter. Assetmark Inc.’s holdings in ONE Gas were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Energy Income Partners LLC boosted its stake in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares during the period. American Century Companies Inc. increased its holdings in ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the last quarter. Zimmer Partners LP acquired a new stake in ONE Gas in the 1st quarter valued at approximately $16,939,000. International Assets Investment Management LLC raised its position in ONE Gas by 9,036.9% in the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock valued at $15,061,000 after purchasing an additional 200,168 shares during the period. Finally, Earnest Partners LLC acquired a new position in ONE Gas during the second quarter worth $12,594,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Up 1.6 %

ONE Gas stock opened at $76.58 on Tuesday. The firm has a market capitalization of $4.34 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.89 and a beta of 0.67. The stock’s fifty day simple moving average is $72.99 and its 200-day simple moving average is $67.79. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $76.78. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. As a group, equities analysts expect that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OGS shares. Morgan Stanley lifted their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $68.10.

About ONE Gas

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.