Victory Capital Management Inc. reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 647,958 shares of the utilities provider's stock after selling 439,487 shares during the period. Victory Capital Management Inc. owned 1.14% of ONE Gas worth $44,871,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its position in 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 valued at $258,283,000 after purchasing an additional 645,566 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of ONE Gas by 320.2% during the 3rd 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 during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of ONE Gas by 32.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider's stock valued at $18,599,000 after buying an additional 60,922 shares in the last quarter. Barclays PLC increased its holdings in ONE Gas by 105.6% in the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after buying an additional 54,237 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in ONE Gas by 234.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider's stock valued at $4,539,000 after acquiring an additional 42,724 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.
ONE Gas Stock Performance
NYSE OGS traded down $0.96 during trading on Wednesday, hitting $72.57. The company's stock had a trading volume of 153,339 shares, compared to its average volume of 377,350. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89. The firm has a market cap of $4.35 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The firm has a 50 day moving average price of $71.42 and a 200 day moving average price of $72.15. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.
ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts' expectations of $973.58 million. Equities research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.
ONE Gas Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.67 per share. The ex-dividend date was Friday, February 21st. This is an increase from ONE Gas's previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.69%. ONE Gas's dividend payout ratio (DPR) is 68.54%.
Analysts Set New Price Targets
Several brokerages have recently commented on OGS. Jefferies Financial Group dropped their price target on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Stifel Nicolaus increased their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Bank of America began coverage on ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 price target for the company. StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, LADENBURG THALM/SH SH lowered ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price for the company. in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.31.
Get Our Latest Stock Report on ONE Gas
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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