5,326 Shares in ONE Gas, Inc. (NYSE:OGS) Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,326 shares of the utilities provider's stock, valued at approximately $369,000.

Several other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its stake 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 purchasing an additional 248 shares during the last quarter. Creative Planning grew its position in shares of ONE Gas by 3.5% during the 3rd quarter. Creative Planning now owns 30,203 shares of the utilities provider's stock valued at $2,248,000 after buying an additional 1,021 shares during the last quarter. International Assets Investment Management LLC raised its stake in ONE Gas by 9,036.9% during the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider's stock worth $15,061,000 after acquiring an additional 200,168 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in ONE Gas during the third quarter worth about $260,000. Finally, Boston Trust Walden Corp lifted its holdings 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 worth $78,082,000 after acquiring an additional 98,489 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OGS shares. StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a report on Thursday. Jefferies Financial Group lowered their price objective on ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. LADENBURG THALM/SH SH cut ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price on the stock. in a research note on Friday, December 6th. Bank of America started coverage on shares of ONE Gas in a report on Friday, December 13th. They set a "buy" rating and a $77.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $72.31.

ONE Gas Stock Performance

Shares of OGS traded up $1.61 during trading hours on Monday, reaching $74.74. 628,352 shares of the company's stock traded hands, compared to its average volume of 436,484. The business's fifty day simple moving average is $70.27 and its two-hundred day simple moving average is $71.59. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 3.64 and a beta of 0.72. ONE Gas, Inc. has a twelve month low of $57.96 and a twelve month high of $78.89. 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 announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting the consensus estimate of $1.34. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.59%. This is a boost from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's payout ratio is currently 68.54%.

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.