US Bancorp DE Cuts Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

US Bancorp DE trimmed its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,500 shares of the utilities provider’s stock after selling 250 shares during the period. US Bancorp DE’s holdings in ONE Gas were worth $242,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OGS. Wellington Management Group LLP grew its stake in shares of ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock worth $258,283,000 after buying an additional 645,566 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after buying an additional 18,477 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of ONE Gas by 0.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock worth $73,302,000 after buying an additional 9,302 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ONE Gas by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after buying an additional 18,889 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of ONE Gas by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock worth $50,785,000 after buying an additional 31,045 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Trading Up 2.3 %

Shares of OGS opened at $74.10 on Friday. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The company has a 50-day moving average of $71.67 and a 200 day moving average of $72.19. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.95, 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.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share 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 7.70%. The company had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. On average, research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.62%. ONE Gas’s dividend payout ratio (DPR) is presently 68.54%.

Analyst Ratings Changes

A number of brokerages have commented on OGS. Stifel Nicolaus lifted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. Bank of America initiated coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. Finally, Jefferies Financial Group lowered their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.31.

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.