Dean Investment Associates LLC Purchases 11,368 Shares of ONE Gas, Inc. (NYSE:OGS)

Dean Investment Associates LLC grew its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 16.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,703 shares of the utilities provider's stock after purchasing an additional 11,368 shares during the period. ONE Gas comprises 0.8% of Dean Investment Associates LLC's portfolio, making the stock its 23rd largest holding. Dean Investment Associates LLC owned about 0.14% of ONE Gas worth $5,931,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in ONE Gas by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 159 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider's stock valued at $62,000 after buying an additional 174 shares in the last quarter. Tidal Investments LLC increased its holdings in ONE Gas by 6.1% in the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider's stock worth $228,000 after buying an additional 206 shares during the last quarter. CWM LLC raised its position in ONE Gas by 17.3% during the third quarter. CWM LLC now owns 1,680 shares of the utilities provider's stock valued at $125,000 after acquiring an additional 248 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 261 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of NYSE:OGS traded down $1.42 during midday trading on Friday, hitting $72.62. The company's stock had a trading volume of 455,987 shares, compared to its average volume of 354,492. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The stock's 50 day simple moving average is $74.09 and its 200 day simple moving average is $69.08. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 18.91 and a beta of 0.70. ONE Gas, Inc. has a fifty-two week low of $57.74 and a fifty-two week high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. As a group, research analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas's dividend payout ratio (DPR) is currently 68.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company dropped their price target on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. StockNews.com downgraded shares of ONE Gas from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. 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 report on Friday. 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, Stifel Nicolaus increased their price objective on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, ONE Gas has an average rating of "Hold" and a consensus price target of $70.92.

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.