Dimensional Fund Advisors LP Has $57.31 Million Stake in ONE Gas, Inc. (NYSE:OGS)

Dimensional Fund Advisors LP lifted its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 7.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 897,568 shares of the utilities provider's stock after buying an additional 61,192 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.59% of ONE Gas worth $57,308,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of OGS. Hexagon Capital Partners LLC boosted its position in ONE Gas by 21.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 174 shares during the period. Tidal Investments LLC boosted its holdings in shares of ONE Gas by 6.1% during the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider's stock valued at $228,000 after acquiring an additional 206 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider's stock worth $1,597,000 after acquiring an additional 230 shares during the last quarter. GW Henssler & Associates Ltd. increased its holdings in shares of ONE Gas by 7.4% in the 1st quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider's stock worth $222,000 after acquiring an additional 237 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in ONE Gas by 1.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider's stock valued at $971,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on OGS shares. Wells Fargo & Company upgraded shares of ONE Gas from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. StockNews.com cut ONE Gas from a "hold" rating to a "sell" rating in a research report on Saturday, July 20th. Morgan Stanley boosted their price target on ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Mizuho upped their price objective on shares of ONE Gas from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $66.21.

ONE Gas Price Performance

Shares of OGS traded up $0.50 during mid-day trading on Friday, hitting $74.20. The company's stock had a trading volume of 335,275 shares, compared to its average volume of 375,395. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. The firm has a 50-day moving average price of $69.66 and a 200 day moving average price of $65.36. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $74.99. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.87 and a beta of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The company had revenue of $354.14 million for the quarter, compared to the consensus estimate of $362.06 million. During the same period in the prior year, the business earned $0.58 earnings per share. The business's revenue was down 11.0% compared to the same quarter last year. On average, research analysts predict that ONE Gas, Inc. will post 3.84 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a $0.66 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.64 annualized dividend and a dividend yield of 3.56%. ONE Gas's dividend payout ratio (DPR) is presently 65.19%.

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.