Yousif Capital Management LLC Reduces Stock Position in ONE Gas, Inc. (NYSE:OGS)

Yousif Capital Management LLC reduced its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,840 shares of the utilities provider’s stock after selling 918 shares during the quarter. Yousif Capital Management LLC’s holdings in ONE Gas were worth $1,374,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its stake in shares of ONE Gas by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock valued at $278,000 after buying an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 210 shares during the period. CWM LLC increased its holdings in ONE Gas by 17.3% during the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 248 shares during the period. GAMMA Investing LLC increased its holdings in ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares during the period. Finally, Transcendent Capital Group LLC increased its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 266 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America assumed coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a report on Friday, December 6th. Jefferies Financial Group decreased their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, Stifel Nicolaus increased their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.31.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $71.39 on Thursday. ONE Gas, Inc. has a 52-week low of $57.74 and a 52-week high of $78.89. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 3.58 and a beta of 0.72. The company has a fifty day moving average of $70.19 and a 200-day moving average of $71.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.67 dividend. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.75%. ONE Gas’s dividend payout ratio is 68.75%.

ONE Gas Company 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.