Wellington Management Group LLP Cuts Position in ONE Gas, Inc. (NYSE:OGS)

Wellington Management Group LLP cut its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in ONE Gas during the fourth quarter valued at $43,344,000. JPMorgan Chase & Co. lifted its stake in ONE Gas by 21.3% in the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after buying an additional 152,028 shares in the last quarter. Barclays PLC boosted its holdings in ONE Gas by 105.6% in the 3rd 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. First Eagle Investment Management LLC increased its stake in ONE Gas by 61.8% during the 4th quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock worth $9,758,000 after buying an additional 53,800 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Trading Down 3.5 %

NYSE:OGS traded down $2.71 on Friday, hitting $73.66. The stock had a trading volume of 601,482 shares, compared to its average volume of 404,049. The company has a fifty day moving average price of $73.07 and a two-hundred day moving average price of $72.67. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year 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. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.64 and a beta of 0.74.

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

ONE Gas Increases Dividend

The firm also recently disclosed 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. ONE Gas's dividend payout ratio (DPR) is presently 68.54%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America assumed coverage on ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price target for the company. Jefferies Financial Group dropped their target price on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. 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 note on Thursday, March 20th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $72.44.

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.