Geode Capital Management LLC Purchases 18,477 Shares of ONE Gas, Inc. (NYSE:OGS)

Geode Capital Management LLC raised its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,354,710 shares of the utilities provider's stock after purchasing an additional 18,477 shares during the period. Geode Capital Management LLC owned 2.39% of ONE Gas worth $100,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OGS. American Century Companies Inc. boosted its holdings in shares of ONE Gas by 6.3% during the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider's stock worth $293,590,000 after buying an additional 272,923 shares during the period. Wellington Management Group LLP lifted its position in ONE Gas by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after acquiring an additional 645,566 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in ONE Gas by 0.7% during the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider's stock valued at $93,873,000 after acquiring an additional 10,189 shares during the period. Boston Trust Walden Corp grew its position in shares of ONE Gas by 10.4% in the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider's stock valued at $78,082,000 after purchasing an additional 98,489 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of ONE Gas by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider's stock worth $57,308,000 after purchasing an additional 61,192 shares during the period. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

ONE Gas stock traded up $1.10 on Thursday, hitting $68.06. The company's stock had a trading volume of 455,704 shares, compared to its average volume of 409,578. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The firm has a market cap of $3.86 billion, a P/E ratio of 17.72 and a beta of 0.70. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $73.72 and a 200-day moving average price of $69.60.

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 for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same quarter last year, the firm posted $0.45 earnings per share. ONE Gas's revenue was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.88%. ONE Gas's payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OGS. LADENBURG THALM/SH SH downgraded ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price for the company. in a research note on Friday, December 6th. StockNews.com downgraded shares of ONE Gas from a "hold" rating to a "sell" rating in a research note on Wednesday, November 13th. Wells Fargo & Company cut their target price on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley raised their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group assumed coverage on shares of ONE Gas in a report on Monday, December 9th. They set a "hold" rating and a $79.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of "Hold" and a consensus price target of $72.69.

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.