UMB Bank n.a. Acquires 362 Shares of ONE Gas, Inc. (NYSE:OGS)

UMB Bank n.a. lifted its position in ONE Gas, Inc. (NYSE:OGS) by 3,620.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 372 shares of the utilities provider’s stock after purchasing an additional 362 shares during the quarter. UMB Bank n.a.’s holdings in ONE Gas were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OGS. Wellington Management Group LLP raised its holdings in ONE Gas by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after buying an additional 645,566 shares during the period. Geode Capital Management LLC raised its position in ONE Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after purchasing an additional 18,477 shares in the last quarter. Boston Trust Walden Corp grew its holdings in ONE Gas by 10.4% during the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock worth $78,082,000 after acquiring an additional 98,489 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ONE Gas by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after acquiring an additional 61,192 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of ONE Gas by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock valued at $56,438,000 after buying an additional 18,889 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Price Performance

Shares of OGS opened at $68.75 on Monday. The firm’s 50 day moving average price is $71.79 and its 200 day moving average price is $71.14. The company has a market cap of $3.89 billion, a P/E ratio of 17.90, a PEG ratio of 5.70 and a beta of 0.71. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a fifty-two week low of $57.74 and a fifty-two week high of $78.89.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, research analysts forecast that ONE Gas, Inc. will post 3.89 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.67 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.90%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s payout ratio is currently 68.75%.

Analysts Set New Price Targets

OGS has been the topic of several recent analyst reports. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Bank of America assumed coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price objective on the stock. Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company decreased their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research 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 Saturday, January 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $72.69.

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.