ONE Gas, Inc. (NYSE:OGS) Stock Holdings Lifted by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in ONE Gas, Inc. (NYSE:OGS) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,865 shares of the utilities provider’s stock after acquiring an additional 1,383 shares during the period. Van ECK Associates Corp’s holdings in ONE Gas were worth $1,168,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position in shares of ONE Gas by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in ONE Gas by 42.0% during the third 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 position in ONE Gas by 17.3% during the third 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. Transcendent Capital Group LLC increased its position in ONE Gas by 266.0% during the third 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. Finally, UMB Bank n.a. increased its position in ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 362 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

ONE Gas stock opened at $73.08 on Friday. 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, Inc. has a 1 year low of $57.74 and a 1 year high of $78.89. The company has a market cap of $4.14 billion, a PE ratio of 18.69, a PEG ratio of 3.65 and a beta of 0.72. The company’s 50-day moving average is $70.19 and its two-hundred day moving average is $71.47.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.89%. The company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. Equities analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.67 per share. The ex-dividend date of this dividend 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 yield of 3.67%. ONE Gas’s dividend payout ratio is presently 67.52%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OGS. Stifel Nicolaus boosted 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. 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 research report on Friday, December 6th. Jefferies Financial Group dropped their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America began coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, ONE Gas has an average rating of “Hold” and an average target price of $72.31.

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.