JPMorgan Chase & Co. Sells 40,187 Shares of ONE Gas, Inc. (NYSE:OGS)

JPMorgan Chase & Co. lessened its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 712,217 shares of the utilities provider's stock after selling 40,187 shares during the quarter. JPMorgan Chase & Co. owned about 1.26% of ONE Gas worth $53,003,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider's stock worth $293,590,000 after purchasing an additional 272,923 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after buying an additional 645,566 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of ONE Gas by 0.7% in the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider's stock worth $93,873,000 after acquiring an additional 10,189 shares during the period. Geode Capital Management LLC increased its position in ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock valued at $100,836,000 after acquiring an additional 18,477 shares during the last quarter. 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 valued at $78,082,000 after acquiring an additional 98,489 shares during the period. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday. LADENBURG THALM/SH SH cut shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price for the company. in a report on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Morgan Stanley upped their price objective 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, Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $72.69.

ONE Gas Price Performance

NYSE:OGS traded up $0.65 on Friday, reaching $69.02. 315,828 shares of the company's stock traded hands, compared to its average volume of 306,364. The stock has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $70.28. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89. The firm has a market cap of $3.91 billion, a PE ratio of 17.97 and a beta of 0.71. 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 results on Monday, November 4th. The utilities provider reported $0.34 EPS 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 business had revenue of $340.40 million during the quarter, compared to analysts' expectations of $287.48 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The business 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. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.82%. ONE Gas's payout ratio is 68.75%.

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.