Americana Partners LLC Makes New $2.62 Million Investment in ONE Gas, Inc. (NYSE:OGS)

Americana Partners LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,755 shares of the utilities provider's stock, valued at approximately $2,615,000. Americana Partners LLC owned about 0.07% of ONE Gas at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in shares of ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock valued at $258,283,000 after buying an additional 645,566 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ONE Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock valued at $100,836,000 after purchasing an additional 18,477 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock valued at $73,302,000 after purchasing an additional 9,302 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of ONE Gas by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider's stock valued at $56,438,000 after purchasing an additional 18,889 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of ONE Gas by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock valued at $50,785,000 after purchasing an additional 31,045 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OGS shares. Wells Fargo & Company cut their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Bank of America started coverage on ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 target price on the stock. LADENBURG THALM/SH SH lowered ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group cut their target price 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. One 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $72.31.

ONE Gas Stock Up 1.1 %

OGS stock traded up $0.79 during trading on Friday, reaching $73.08. 569,761 shares of the stock were exchanged, compared to its average volume of 430,843. The firm's 50 day moving average is $70.19 and its 200 day moving average is $71.47. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. 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 firm has a market cap of $4.14 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a return on equity of 7.89% and a net margin of 10.70%. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. 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 declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.67%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's dividend payout ratio is 67.52%.

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.