Citigroup Inc. Increases Holdings in ONE Gas, Inc. (NYSE:OGS)

Citigroup Inc. grew its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 164.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 60,170 shares of the utilities provider's stock after buying an additional 37,377 shares during the period. Citigroup Inc. owned approximately 0.11% of ONE Gas worth $4,478,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its stake in shares of 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 bought a new position in ONE Gas in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of ONE Gas by 150.4% during the 2nd 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 grew its position in shares of ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 261 shares during the period. Finally, Coastline Trust Co bought a new position in ONE Gas in the 3rd quarter worth $60,000. 88.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on OGS shares. StockNews.com lowered ONE Gas from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Morgan Stanley increased their price objective on shares of 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 shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $68.10.

ONE Gas Price Performance

OGS traded down $0.85 during trading on Tuesday, hitting $75.93. 423,061 shares of the company traded hands, compared to its average volume of 405,317. 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 company has a market cap of $4.30 billion, a PE ratio of 19.77 and a beta of 0.70. The stock's 50-day simple moving average is $74.10 and its two-hundred day simple moving average is $68.86. ONE Gas, Inc. has a 1 year low of $57.74 and a 1 year high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the firm posted $0.45 earnings per share. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.48%. ONE Gas's dividend payout ratio is currently 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.