Jones Financial Companies Lllp Buys 1,587 Shares of ONE Gas, Inc. (NYSE:OGS)

Jones Financial Companies Lllp grew its stake in ONE Gas, Inc. (NYSE:OGS) by 69.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,884 shares of the utilities provider’s stock after purchasing an additional 1,587 shares during the quarter. Jones Financial Companies Lllp’s holdings in ONE Gas were worth $269,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its holdings in ONE Gas by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 159 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock worth $1,497,000 after purchasing an additional 187 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 210 shares during the last quarter. 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 purchasing an additional 362 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in ONE Gas by 46.6% in the 4th quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group lowered their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a report on Friday, December 6th. Stifel Nicolaus raised their target price 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. Finally, Bank of America began coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average target price of $72.31.

ONE Gas Stock Down 1.1 %

Shares of OGS opened at $72.69 on Thursday. The firm has a 50 day simple moving average of $71.49 and a two-hundred day simple moving average of $72.15. 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 one year low of $58.31 and a one year high of $78.89. The company has a market cap of $4.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The company 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%. Research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.67 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is presently 68.54%.

ONE Gas Company 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.