Principal Financial Group Inc. grew its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,685 shares of the utilities provider's stock after acquiring an additional 3,750 shares during the quarter. Principal Financial Group Inc. owned about 0.31% of ONE Gas worth $12,166,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of OGS. Wellington Management Group LLP raised its holdings in shares of ONE Gas by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after buying an additional 645,566 shares during the last quarter. Geode Capital Management LLC raised its stake in ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock worth $100,836,000 after acquiring an additional 18,477 shares during the last quarter. Boston Trust Walden Corp lifted its position in ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock worth $73,302,000 after acquiring an additional 9,302 shares during the period. Charles Schwab Investment Management Inc. grew its stake in ONE Gas by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider's stock valued at $56,438,000 after purchasing an additional 18,889 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of ONE Gas by 4.6% in the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock worth $50,785,000 after purchasing an additional 31,045 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on OGS. LADENBURG THALM/SH SH lowered 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. Stifel Nicolaus increased their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. 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 on the stock. Finally, Wells Fargo & Company reduced their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $72.31.
View Our Latest Stock Analysis on OGS
ONE Gas Price Performance
Shares of OGS stock traded up $0.87 during mid-day trading on Monday, hitting $76.02. 154,949 shares of the stock were exchanged, compared to its average volume of 441,269. 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, Inc. has a 52-week low of $58.31 and a 52-week high of $78.89. The firm has a fifty day moving average of $70.76 and a 200 day moving average of $71.80. The company has a market cap of $4.55 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72.
ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.53%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas's dividend payout ratio (DPR) is presently 68.54%.
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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