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

Mutual of America Capital Management LLC reduced its position in shares of ONE Gas, Inc. (NYSE:OGS) by 5.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,620 shares of the utilities provider’s stock after selling 1,767 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of ONE Gas worth $2,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in OGS. American Century Companies Inc. raised its stake in ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after buying an additional 272,923 shares in the last quarter. Zimmer Partners LP purchased a new position in shares of ONE Gas during the 1st quarter worth approximately $16,939,000. International Assets Investment Management LLC raised its position in shares of ONE Gas by 9,036.9% in the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after acquiring an additional 200,168 shares in the last quarter. Earnest Partners LLC purchased a new position in shares of ONE Gas in the 2nd quarter valued at approximately $12,594,000. Finally, Jane Street Group LLC boosted its position in shares of ONE Gas by 283.6% during the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after purchasing an additional 142,865 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley upped their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.10.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $77.87 on Monday. The company has a market capitalization of $4.41 billion, a PE ratio of 20.28 and a beta of 0.67. The business has a fifty day moving average price of $73.60 and a 200-day moving average price of $68.18. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $78.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. During the same period last year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts expect that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s payout ratio is currently 68.75%.

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.