ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 701,933 shares of the utilities provider's stock after purchasing an additional 31,045 shares during the quarter. Franklin Resources Inc. owned approximately 1.24% of ONE Gas worth $50,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Transcendent Capital Group LLC boosted its holdings in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock worth $27,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of ONE Gas in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock worth $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC boosted its position in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock worth $45,000 after acquiring an additional 261 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in ONE Gas in the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Trading Down 5.0 %

OGS stock traded down $3.54 during mid-day trading on Wednesday, hitting $66.96. 494,120 shares of the company were exchanged, compared to its average volume of 409,389. ONE Gas, Inc. has a 12-month low of $57.74 and a 12-month high of $78.89. The firm has a market capitalization of $3.79 billion, a P/E ratio of 17.44 and a beta of 0.70. The business has a fifty day simple moving average of $73.81 and a 200-day simple moving average of $69.62. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company had revenue of $340.40 million for the quarter, compared to analysts' expectations of $287.48 million. During the same period in the previous year, the business posted $0.45 EPS. The business's revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas's payout ratio is 68.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on OGS shares. LADENBURG THALM/SH SH cut ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target for the company. in a report on Friday, December 6th. Wells Fargo & Company cut their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of ONE Gas in a report on Monday, December 9th. They issued a "hold" rating and a $79.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $72.69.

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.