Pacer Advisors Inc. Lowers Holdings in ONE Gas, Inc. (NYSE:OGS)

Pacer Advisors Inc. trimmed its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 36.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,444 shares of the utilities provider's stock after selling 4,756 shares during the period. Pacer Advisors Inc.'s holdings in ONE Gas were worth $585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OGS. Transcendent Capital Group LLC grew its position in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. UMB Bank n.a. boosted its stake in 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 buying an additional 362 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas during the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in ONE Gas by 75.2% in the 3rd 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 last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after acquiring an additional 210 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OGS has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on shares of ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a report on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. LADENBURG THALM/SH SH cut shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Jefferies Financial Group dropped their price target 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. Finally, Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, ONE Gas presently has an average rating of "Hold" and a consensus price target of $72.31.

ONE Gas Trading Down 0.9 %

ONE Gas stock traded down $0.63 during midday trading on Friday, reaching $70.50. The stock had a trading volume of 292,019 shares, compared to its average volume of 408,349. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 3.55 and a beta of 0.72. ONE Gas, Inc. has a 52-week low of $57.74 and a 52-week high of $78.89. The company has a fifty day moving average of $70.58 and a 200 day moving average of $71.28.

ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period in the prior year, the company posted $0.45 EPS. The company's quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts anticipate that ONE Gas, Inc. will post 3.89 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's dividend payout ratio is 68.75%.

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.