Strategic Financial Concepts LLC acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 19,252 shares of the utilities provider's stock, valued at approximately $1,333,000.
A number of other institutional investors have also added to or reduced their stakes in OGS. Wellington Management Group LLP grew its holdings in ONE Gas by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock valued at $258,283,000 after buying an additional 645,566 shares in the last quarter. Verition Fund Management LLC grew its holdings in ONE Gas by 320.2% during the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider's stock valued at $29,980,000 after buying an additional 306,974 shares in the last quarter. International Assets Investment Management LLC grew its holdings in ONE Gas by 9,036.9% during the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider's stock valued at $15,061,000 after buying an additional 200,168 shares in the last quarter. Boston Trust Walden Corp grew its holdings in ONE Gas by 10.4% during the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider's stock valued at $78,082,000 after buying an additional 98,489 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of ONE Gas by 32.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider's stock valued at $18,599,000 after acquiring an additional 60,922 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.
ONE Gas Stock Down 1.0 %
Shares of ONE Gas stock traded down $0.70 during trading on Friday, hitting $71.51. 441,198 shares of the stock traded hands, compared to its average volume of 400,010. The firm has a market cap of $4.05 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 3.58 and a beta of 0.72. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a 52-week low of $57.74 and a 52-week high of $78.89. The stock's fifty day simple moving average is $70.06 and its 200 day simple moving average is $71.35.
ONE Gas Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, February 21st. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's payout ratio is 68.75%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on OGS shares. 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 for the company. Jefferies Financial Group lowered 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. Stifel Nicolaus raised their price target on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their price target on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a research report on Saturday, January 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $72.31.
Check Out Our Latest Stock Report on OGS
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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