State Street Corp Has $218.90 Million Position in ONE Gas, Inc. (NYSE:OGS)

State Street Corp cut its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,941,421 shares of the utilities provider's stock after selling 21,432 shares during the quarter. State Street Corp owned about 5.19% of ONE Gas worth $218,901,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider's stock worth $293,590,000 after purchasing an additional 272,923 shares during the last quarter. Victory Capital Management Inc. grew its holdings in ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider's stock valued at $93,873,000 after buying an additional 10,189 shares during the last quarter. Boston Trust Walden Corp increased its position in ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider's stock worth $78,082,000 after buying an additional 98,489 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ONE Gas by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider's stock valued at $57,308,000 after acquiring an additional 61,192 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of ONE Gas by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 792,440 shares of the utilities provider's stock worth $50,597,000 after acquiring an additional 20,065 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OGS has been the topic of several recent analyst reports. LADENBURG THALM/SH SH lowered ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of 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 started coverage on shares of ONE Gas in a report on Monday. They set a "hold" rating and a $79.00 price objective for the company. Finally, Morgan Stanley boosted their target price on ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.07.

ONE Gas Stock Down 1.0 %

OGS traded down $0.69 during trading on Thursday, reaching $70.46. The company had a trading volume of 88,093 shares, compared to its average volume of 405,828. The company has a market cap of $3.99 billion, a P/E ratio of 18.53 and a beta of 0.70. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The business's fifty day moving average price is $73.97 and its 200 day moving average price is $69.26.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same period in the previous year, the company posted $0.45 earnings per share. ONE Gas's revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.75%. The ex-dividend date was Tuesday, November 19th. ONE Gas's payout ratio is 68.75%.

ONE Gas Company 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.