ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 164.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,170 shares of the utilities provider’s stock after acquiring an additional 37,377 shares during the quarter. Citigroup Inc. owned about 0.11% of ONE Gas worth $4,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OGS. American Century Companies Inc. increased its position in shares of ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after purchasing an additional 272,923 shares in the last quarter. Victory Capital Management Inc. grew its position in ONE Gas by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after purchasing an additional 10,189 shares during the last quarter. Boston Trust Walden Corp increased its stake in ONE Gas by 10.4% in the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after purchasing an additional 98,489 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of ONE Gas by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after buying an additional 61,192 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of ONE Gas by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 792,440 shares of the utilities provider’s stock worth $50,597,000 after buying an additional 20,065 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of OGS stock opened at $76.76 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The stock has a 50 day simple moving average of $74.07 and a 200-day simple moving average of $68.77. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 19.99 and a beta of 0.67. ONE Gas, Inc. has a 12-month low of $57.74 and a 12-month high of $78.89.

ONE Gas (NYSE:OGS) last released its quarterly earnings data 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). The business had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts forecast that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.44%. ONE Gas’s payout ratio is currently 68.75%.

Analysts Set New Price Targets

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

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.