Legato Capital Management LLC Sells 20,396 Shares of ONE Gas, Inc. (NYSE:OGS)

Legato Capital Management LLC cut its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 65.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,823 shares of the utilities provider's stock after selling 20,396 shares during the period. Legato Capital Management LLC's holdings in ONE Gas were worth $749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its holdings 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 worth $278,000 after purchasing an additional 159 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 210 shares in the last quarter. CWM LLC lifted its holdings in shares of ONE Gas by 17.3% in 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 in the last quarter. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 261 shares during the last quarter. Finally, Transcendent Capital Group LLC increased its stake in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock worth $27,000 after purchasing an additional 266 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Performance

ONE Gas stock traded down $0.70 during trading hours on Monday, reaching $71.51. 441,198 shares of the company were exchanged, compared to its average volume of 409,942. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89. The stock has a 50-day moving average of $70.04 and a 200 day moving average of $71.38. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 3.58 and a beta of 0.72.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's dividend payout ratio (DPR) is currently 68.75%.

Wall Street Analyst Weigh In

OGS has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH downgraded 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. Wells Fargo & Company dropped their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Bank of America started coverage on ONE Gas in a report on Friday, December 13th. They issued a "buy" rating and a $77.00 target price on the stock. Jefferies Financial Group dropped their price target 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. Finally, StockNews.com lowered ONE Gas from a "hold" rating to a "sell" rating in a research note on Saturday, January 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.