ONE Gas, Inc. (NYSE:OGS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 7.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,004,668 shares of the utilities provider's stock after selling 342,749 shares during the period. American Century Companies Inc. owned about 7.07% of ONE Gas worth $277,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in shares of ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after acquiring an additional 152 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock valued at $1,497,000 after purchasing an additional 187 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in ONE Gas by 42.0% during 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 period. UMB Bank n.a. increased its position in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of ONE Gas by 4.7% in the fourth quarter. Xponance Inc. now owns 8,006 shares of the utilities provider's stock worth $554,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 88.71% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on OGS shares. Stifel Nicolaus raised their price target on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a report on Friday, December 6th. Morgan Stanley increased their target price on shares of ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Jefferies Financial Group decreased 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. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They issued a "buy" rating and a $77.00 price objective on the stock. Finally, StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $72.44.

ONE Gas Stock Up 0.7 %

Shares of OGS traded up $0.54 during mid-day trading on Wednesday, hitting $73.37. 304,938 shares of the company traded hands, compared to its average volume of 375,768. The company has a market capitalization of $4.39 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. 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 business has a 50 day moving average of $72.43 and a 200 day moving average of $72.47. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89.

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

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.67 dividend. This is an increase from ONE Gas's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, February 21st. ONE Gas's dividend payout ratio is 68.54%.

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.