Pacer Advisors Inc. Sells 4,756 Shares of ONE Gas, Inc. (NYSE:OGS)

Pacer Advisors Inc. reduced its position in shares of ONE Gas, Inc. (NYSE:OGS) by 36.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,444 shares of the utilities provider’s stock after selling 4,756 shares during the quarter. Pacer Advisors Inc.’s holdings in ONE Gas were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in 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 last quarter. Verition Fund Management LLC raised its holdings in ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after purchasing an additional 306,974 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of ONE Gas by 9,036.9% in the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after purchasing an additional 200,168 shares during the period. Boston Trust Walden Corp boosted its stake in shares of 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 valued at $78,082,000 after purchasing an additional 98,489 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of ONE Gas by 32.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider’s stock valued at $18,599,000 after purchasing an additional 60,922 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OGS has been the topic of several research reports. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Wells Fargo & Company dropped their price target 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. Jefferies Financial Group decreased their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus upped their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.31.

ONE Gas Stock Performance

OGS stock opened at $70.82 on Tuesday. The stock has a market capitalization of $4.01 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.55 and a beta of 0.72. ONE Gas, Inc. has a 12-month low of $57.74 and a 12-month high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The stock’s 50 day simple moving average is $71.13 and its 200 day simple moving average is $71.25.

ONE Gas (NYSE:OGS) last released 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 firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. ONE Gas’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, research analysts forecast that ONE Gas, Inc. will post 3.89 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, February 21st. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.78%. ONE Gas’s payout ratio is 68.75%.

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.