ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in ONE Gas, Inc. (NYSE:OGS) by 49.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,256 shares of the utilities provider’s stock after purchasing an additional 6,398 shares during the period. Commonwealth Equity Services LLC’s holdings in ONE Gas were worth $1,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after buying an additional 362 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of ONE Gas during the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB acquired a new position in ONE Gas in the third quarter worth $45,000. Nomura Asset Management Co. Ltd. increased its stake in ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of ONE Gas during the fourth quarter worth $51,000. 88.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OGS has been the topic of several research reports. 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 note on Friday, December 6th. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a report on Monday, March 17th. Jefferies Financial Group reduced their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley increased their target price on ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, Bank of America assumed coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.44.

ONE Gas Stock Up 2.9 %

Shares of ONE Gas stock opened at $75.89 on Monday. 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, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The business’s fifty day moving average price is $72.57 and its two-hundred day moving average price is $72.57. The company has a market capitalization of $4.54 billion, a P/E ratio of 19.41, a PEG ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued 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. The business had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. As a group, research analysts forecast 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 paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is currently 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.