Rhumbline Advisers Acquires 3,828 Shares of ONE Gas, Inc. (NYSE:OGS)

Rhumbline Advisers increased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,298 shares of the utilities provider’s stock after buying an additional 3,828 shares during the period. Rhumbline Advisers owned 0.37% of ONE Gas worth $14,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. increased its stake in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares in the last quarter. Transcendent Capital Group LLC increased its stake in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. Crews Bank & Trust bought a new stake in ONE Gas in the fourth quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in ONE Gas in the third quarter valued at approximately $45,000. Finally, Sound Income Strategies LLC bought a new stake in ONE Gas in the fourth quarter valued at approximately $51,000. 88.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Bank of America began coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus increased their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and a consensus target price of $72.31.

ONE Gas Stock Performance

Shares of OGS opened at $73.08 on Friday. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89. The firm has a fifty day simple moving average of $70.19 and a 200 day simple moving average of $71.51. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 3.64 and a beta of 0.72. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $973.58 million. Research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.67 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.67%. ONE Gas’s dividend payout ratio is presently 67.52%.

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.