Swiss National Bank Grows Holdings in ONE Gas, Inc. (NYSE:OGS)

Swiss National Bank increased its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 111,413 shares of the utilities provider’s stock after purchasing an additional 900 shares during the period. Swiss National Bank owned approximately 0.20% of ONE Gas worth $7,715,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas purchased a new stake in ONE Gas during the third quarter worth about $3,135,000. Pathstone Holdings LLC lifted 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 worth $1,688,000 after buying an additional 12,060 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in ONE Gas in the 4th quarter valued at approximately $203,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock worth $4,539,000 after acquiring an additional 42,724 shares in the last quarter. Finally, KBC Group NV increased its position in shares of ONE Gas by 41.0% during the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 645 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

OGS has been the topic of several recent research reports. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a report on Monday, March 17th. Stifel Nicolaus boosted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Morgan Stanley raised their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday. 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 research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.44.

ONE Gas Price Performance

Shares of OGS opened at $73.11 on Friday. The firm has a fifty day moving average price of $72.29 and a 200 day moving average price of $72.40. The stock has a market cap of $4.38 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. 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 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. The firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. ONE Gas’s payout ratio is presently 68.54%.

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.