ONE Gas, Inc. (NYSE:OGS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,364,716 shares of the utilities provider's stock after selling 105,902 shares during the quarter. Wellington Management Group LLP owned 5.62% of ONE Gas worth $233,007,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares during the period. Crews Bank & Trust purchased a new stake in ONE Gas during the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas during the 3rd quarter worth $45,000. Sound Income Strategies LLC acquired a new position in ONE Gas in the 4th quarter worth $51,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock valued at $53,000 after buying an additional 210 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OGS. Bank of America initiated coverage on ONE Gas in a research note on Friday, December 13th. They set a "buy" rating and a $77.00 price objective for the company. Morgan Stanley raised their price target on shares of ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Stifel Nicolaus boosted 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. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $72.44.

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ONE Gas Stock Performance

OGS stock traded down $0.19 during midday trading on Thursday, reaching $76.30. The company had a trading volume of 324,954 shares, compared to its average volume of 402,233. The firm has a market capitalization of $4.57 billion, a PE ratio of 19.51, a P/E/G ratio of 3.64 and a beta of 0.74. The stock has a 50 day moving average price of $72.83 and a 200 day moving average price of $72.65. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $78.89. 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 quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. Analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.51%. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas's payout ratio is presently 68.54%.

ONE Gas 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.