ONE Gas, Inc. (NYSE:OGS) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,362 shares of the utilities provider’s stock after acquiring an additional 807 shares during the quarter. Atria Investments Inc’s holdings in ONE Gas were worth $371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock worth $258,283,000 after purchasing an additional 645,566 shares during the period. Verition Fund Management LLC boosted its holdings in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock valued at $29,980,000 after purchasing an additional 306,974 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of ONE Gas by 32.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider’s stock valued at $18,599,000 after purchasing an additional 60,922 shares during the last quarter. Barclays PLC boosted its holdings in shares of ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock valued at $7,859,000 after purchasing an additional 54,237 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ONE Gas by 234.1% in the 3rd 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 purchasing an additional 42,724 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Bank of America started 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. Stifel Nicolaus lifted their target price on shares of 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 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.31.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $74.10 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $78.89. The firm has a 50-day simple moving average of $71.67 and a 200 day simple moving average of $72.24. The company has a market cap of $4.44 billion, a PE ratio of 18.95, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted 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 firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $973.58 million. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.67 dividend. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.62%. ONE Gas’s dividend payout ratio is 68.54%.

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.