Commonwealth Equity Services LLC Purchases 6,398 Shares of ONE Gas, Inc. (NYSE:OGS)

Commonwealth Equity Services LLC raised its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 49.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,256 shares of the utilities provider's stock after buying an additional 6,398 shares during the period. Commonwealth Equity Services LLC's holdings in ONE Gas were worth $1,333,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in shares of ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares during the period. Crews Bank & Trust acquired a new stake in ONE Gas during the fourth quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of ONE Gas during the third quarter worth approximately $45,000. Nomura Asset Management Co. Ltd. grew its position in shares of ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of ONE Gas during the fourth quarter worth approximately $51,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

NYSE:OGS traded down $0.19 during mid-day trading on Thursday, reaching $76.30. The stock had a trading volume of 324,954 shares, compared to its average volume of 402,233. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89. The stock has a market capitalization of $4.57 billion, a PE ratio of 19.51, a P/E/G ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The stock has a 50-day simple moving average of $72.97 and a two-hundred day simple moving average of $72.68.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.67 dividend. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.51%. ONE Gas's dividend payout ratio is presently 68.54%.

Analysts Set New Price Targets

OGS has been the subject of several recent research reports. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Monday, March 17th. Stifel Nicolaus upped their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Jefferies Financial Group lowered their price target on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Morgan Stanley raised their target price on shares of ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, ONE Gas has an average rating of "Hold" and an average target price of $72.44.

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.