Cibc World Markets Corp Purchases Shares of 5,271 ONE Gas, Inc. (NYSE:OGS)

Cibc World Markets Corp bought a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,271 shares of the utilities provider's stock, valued at approximately $365,000.

A number of other institutional investors have also modified their holdings of OGS. Wellington Management Group LLP lifted its stake in ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after purchasing an additional 645,566 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ONE Gas by 1.4% in 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 buying an additional 18,477 shares during the period. Boston Trust Walden Corp grew 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 buying an additional 9,302 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in ONE Gas by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock worth $54,239,000 after acquiring an additional 24,860 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in ONE Gas by 4.6% in the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock worth $50,785,000 after acquiring an additional 31,045 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on OGS shares. Bank of America began coverage on ONE Gas in a research note on Friday, December 13th. They set a "buy" rating and a $77.00 price objective for the company. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Jefferies Financial Group cut their price objective on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley boosted their target price on shares of ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, Stifel Nicolaus boosted their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $72.44.

ONE Gas Price Performance

Shares of ONE Gas stock traded up $2.16 on Friday, hitting $75.89. The company had a trading volume of 516,210 shares, compared to its average volume of 400,083. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89. The company has a market cap of $4.54 billion, a PE ratio of 19.41, a PEG ratio of 3.64 and a beta of 0.66. The business has a 50-day simple moving average of $72.51 and a 200-day simple moving average of $72.49. 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 (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. Research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.53%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas's dividend payout ratio is presently 68.54%.

About ONE Gas

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.