Jane Street Group LLC Sells 22,421 Shares of ONE Gas, Inc. (NYSE:OGS)

Jane Street Group LLC lessened its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 29.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 54,540 shares of the utilities provider's stock after selling 22,421 shares during the quarter. Jane Street Group LLC owned about 0.10% of ONE Gas worth $4,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Crossmark Global Holdings Inc. grew its holdings in ONE Gas by 4.4% in the 3rd 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 in the last quarter. CWM LLC grew its stake in shares of ONE Gas by 17.3% in the third quarter. CWM LLC now owns 1,680 shares of the utilities provider's stock valued at $125,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC increased its position in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock worth $45,000 after acquiring an additional 261 shares during the period. Transcendent Capital Group LLC raised its stake in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 349 shares during the period. Institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of ONE Gas stock traded up $1.10 during midday trading on Thursday, hitting $68.06. 455,704 shares of the company traded hands, compared to its average volume of 409,578. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 17.72 and a beta of 0.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The firm's fifty day moving average price is $73.72 and its 200-day moving average price is $69.60. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) 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 company had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm's quarterly revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current year.

ONE Gas Announces Dividend

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

Analysts Set New Price Targets

OGS has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. StockNews.com lowered ONE Gas from a "hold" rating to a "sell" rating in a research note on Wednesday, November 13th. Jefferies Financial Group initiated coverage on ONE Gas in a research report on Monday, December 9th. They set a "hold" rating and a $79.00 target price for the company. Bank of America assumed coverage on ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.