Boston Trust Walden Corp Acquires 9,302 Shares of ONE Gas, Inc. (NYSE:OGS)

Boston Trust Walden Corp increased its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,058,507 shares of the utilities provider's stock after purchasing an additional 9,302 shares during the quarter. Boston Trust Walden Corp owned approximately 1.87% of ONE Gas worth $73,302,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after buying an additional 645,566 shares in the last quarter. Geode Capital Management LLC raised its position in ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock valued at $100,836,000 after purchasing an additional 18,477 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ONE Gas by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider's stock valued at $56,438,000 after purchasing an additional 18,889 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of ONE Gas by 4.6% during the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock worth $50,785,000 after purchasing an additional 31,045 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of ONE Gas by 320.2% in the third quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider's stock valued at $29,980,000 after buying an additional 306,974 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Trading Up 0.1 %

Shares of ONE Gas stock traded up $0.11 during trading on Thursday, hitting $71.11. 341,715 shares of the company were exchanged, compared to its average volume of 413,196. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market capitalization of $4.03 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.72. The firm's fifty day moving average price is $70.71 and its 200 day moving average price is $71.28. 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 released its quarterly earnings data 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 return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period in the previous year, the business earned $0.45 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that ONE Gas, Inc. will post 3.89 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.77%. This is a boost from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas's dividend payout ratio (DPR) is currently 68.75%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH lowered shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Wells Fargo & Company decreased their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their target price on ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com cut ONE Gas from a "hold" rating to a "sell" rating in a report on Saturday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $72.31.

About ONE Gas

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.