Strategic Financial Concepts LLC Invests $1.33 Million in ONE Gas, Inc. (NYSE:OGS)

Strategic Financial Concepts LLC bought a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,252 shares of the utilities provider's stock, valued at approximately $1,333,000.

Several other large investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after acquiring an additional 362 shares during the last quarter. Transcendent Capital Group LLC grew its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock worth $27,000 after acquiring an additional 266 shares during the last quarter. Crews Bank & Trust bought a new stake in ONE Gas during the 4th quarter worth about $35,000. Wilmington Savings Fund Society FSB bought a new stake in ONE Gas during the 3rd quarter worth about $45,000. Finally, Sound Income Strategies LLC bought a new stake in ONE Gas during the 4th quarter worth about $51,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Trading Up 1.1 %

Shares of NYSE:OGS traded up $0.79 during mid-day trading on Friday, reaching $73.08. The stock had a trading volume of 569,761 shares, compared to its average volume of 420,955. The firm has a market cap of $4.14 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72. The firm has a 50 day simple moving average of $70.19 and a two-hundred day simple moving average of $71.51. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting analysts' consensus estimates of $1.34. The business had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.67%. This is a boost from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas's dividend payout ratio is presently 67.52%.

Analysts Set New Price Targets

A number of brokerages have commented on OGS. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Thursday. Stifel Nicolaus upped their target price 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 cut their target price on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company cut their target price on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Finally, LADENBURG THALM/SH SH downgraded shares of 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. One 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. According to data from MarketBeat, ONE Gas presently has an average rating of "Hold" and a consensus price target of $72.31.

ONE Gas 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.