Schroder Investment Management Group lessened its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,923 shares of the utilities provider's stock after selling 61,263 shares during the period. Schroder Investment Management Group owned approximately 0.83% of ONE Gas worth $32,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake 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. Norges Bank acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $43,344,000. JPMorgan Chase & Co. grew its stake in shares of ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after purchasing an additional 152,028 shares during the period. Barclays PLC increased its holdings in shares of ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock valued at $7,859,000 after purchasing an additional 54,237 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of ONE Gas by 61.8% in the 4th quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock valued at $9,758,000 after purchasing an additional 53,800 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OGS has been the topic of a number of analyst reports. Bank of America started coverage on ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 target price on the stock. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Monday, March 17th. Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Jefferies Financial Group cut their price target 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. Finally, Morgan Stanley boosted their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $72.44.
Read Our Latest Research Report on OGS
ONE Gas Trading Down 3.5 %
Shares of OGS traded down $2.71 during midday trading on Friday, reaching $73.66. The company had a trading volume of 601,482 shares, compared to its average volume of 403,023. 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 firm has a 50 day simple moving average of $72.97 and a 200-day simple moving average of $72.68. The stock has a market cap of $4.41 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74.
ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts' consensus estimates of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. Research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.
ONE Gas Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's dividend payout ratio is 68.54%.
About ONE Gas
(
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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