First Eagle Investment Management LLC Has $9.76 Million Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

First Eagle Investment Management LLC lifted its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,914 shares of the utilities provider's stock after acquiring an additional 53,800 shares during the period. First Eagle Investment Management LLC owned approximately 0.25% of ONE Gas worth $9,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in OGS. Atria Investments Inc lifted its holdings in shares of ONE Gas by 21.9% during the 3rd quarter. Atria Investments Inc now owns 4,555 shares of the utilities provider's stock worth $339,000 after acquiring an additional 817 shares during the period. Crossmark Global Holdings Inc. lifted its stake 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 purchasing an additional 159 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in ONE Gas in the 3rd quarter valued at approximately $1,595,000. Cable Hill Partners LLC bought a new position in ONE Gas in the 3rd quarter valued at approximately $261,000. Finally, Connable Office Inc. bought a new position in ONE Gas in the 3rd quarter valued at approximately $474,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Trading Up 0.4 %

Shares of OGS traded up $0.28 during trading hours on Wednesday, hitting $74.57. 275,446 shares of the stock were exchanged, compared to its average volume of 375,757. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week 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. The business has a 50-day moving average of $71.94 and a 200-day moving average of $72.32. The firm has a market capitalization of $4.47 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

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ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $630.70 million during the quarter, compared to analysts' expectations of $973.58 million. On average, research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Monday. Stifel Nicolaus increased their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Jefferies Financial Group dropped their price objective on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. Finally, Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 price target for the company. 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. According to MarketBeat, ONE Gas has a consensus rating of "Hold" and an average target price of $72.31.

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.