Mutual of America Capital Management LLC Cuts Stock Position in ONE Gas, Inc. (NYSE:OGS)

Mutual of America Capital Management LLC cut its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,927 shares of the utilities provider’s stock after selling 693 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of ONE Gas worth $2,072,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Oddo BHF Asset Management Sas bought a new stake in ONE Gas during the 3rd quarter valued at approximately $3,135,000. Pathstone Holdings LLC grew its holdings in ONE Gas by 113.5% during the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after buying an additional 12,060 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of ONE Gas by 234.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after buying an additional 42,724 shares during the last quarter. KBC Group NV lifted its holdings in shares of ONE Gas by 41.0% in the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock worth $154,000 after buying an additional 645 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $56,438,000 after acquiring an additional 18,889 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

NYSE:OGS opened at $74.59 on Friday. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The business has a 50 day simple moving average of $71.23 and a 200-day simple moving average of $71.99. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $78.89.

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

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.67 per share. The ex-dividend date was Friday, February 21st. This is a boost 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 3.59%. ONE Gas’s payout ratio is currently 68.54%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Jefferies Financial Group reduced 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. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. Stifel Nicolaus raised their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and an average price target of $72.31.

About ONE Gas

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.