Charles Schwab Investment Management Inc. lifted its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 783,238 shares of the utilities provider's stock after purchasing an additional 24,860 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.38% of ONE Gas worth $54,239,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Atria Investments Inc lifted its position in ONE Gas by 21.9% in the third quarter. Atria Investments Inc now owns 4,555 shares of the utilities provider's stock worth $339,000 after purchasing an additional 817 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of ONE Gas by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider's stock valued at $278,000 after buying an additional 159 shares during the period. Oppenheimer Asset Management Inc. bought a new position in ONE Gas during the third quarter valued at about $1,595,000. Cable Hill Partners LLC acquired a new position in ONE Gas during the third quarter worth about $261,000. Finally, Connable Office Inc. bought a new stake in ONE Gas in the third quarter worth about $474,000. 88.71% of the stock is owned by institutional investors and hedge funds.
ONE Gas Stock Up 0.6 %
Shares of ONE Gas stock traded up $0.43 on Monday, hitting $74.51. 350,544 shares of the company traded hands, compared to its average volume of 376,866. The company has a market cap of $4.46 billion, a PE ratio of 19.06, a PEG ratio of 3.64 and a beta of 0.66. ONE Gas, Inc. has a 12-month low of $58.31 and a 12-month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $71.67 and a 200 day moving average price of $72.24.
ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts' consensus estimates of $1.34. The company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Sell-side analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.60%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. ONE Gas's dividend payout ratio is presently 68.54%.
Analyst Ratings Changes
A number of brokerages have recently commented on OGS. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a report on Friday, December 6th. LADENBURG THALM/SH SH cut ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Jefferies Financial Group reduced their price objective on shares of 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, Bank of America started coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 target price on the stock. One 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, ONE Gas has a consensus rating of "Hold" and a consensus target price of $72.31.
Check Out Our Latest Report on OGS
ONE Gas Profile
(
Free Report)
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.
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