Sei Investments Co. Sells 14,212 Shares of ONE Gas, Inc. (NYSE:OGS)

Sei Investments Co. cut its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,578 shares of the utilities provider's stock after selling 14,212 shares during the period. Sei Investments Co. owned about 0.33% of ONE Gas worth $13,059,000 at the end of the most recent reporting period.

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

ONE Gas Price Performance

Shares of OGS stock traded up $0.30 during trading hours on Wednesday, reaching $76.51. 259,258 shares of the company were exchanged, compared to its average volume of 401,841. 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 debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The stock's fifty day moving average is $72.83 and its two-hundred day moving average is $72.65. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 3.64 and a beta of 0.66.

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

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.67 dividend. This is a boost from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.50%. ONE Gas's dividend payout ratio (DPR) is currently 68.54%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OGS shares. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Jefferies Financial Group cut their price objective on ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Monday, March 17th. Finally, Morgan Stanley boosted their price target on shares of ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, ONE Gas has an average rating of "Hold" and an average price target 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.