ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,270,804 shares of the utilities provider's stock after purchasing an additional 41,933 shares during the quarter. Vanguard Group Inc. owned approximately 11.07% of ONE Gas worth $434,253,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC lifted its position in ONE Gas by 0.8% during the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock worth $1,994,000 after buying an additional 220 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of ONE Gas during the 4th quarter valued at about $1,600,000. Quantbot Technologies LP purchased a new position in shares of ONE Gas during the 4th quarter worth about $1,353,000. Teacher Retirement System of Texas acquired a new stake in shares of ONE Gas in the fourth quarter worth approximately $298,000. Finally, Xponance Inc. grew its holdings in ONE Gas by 4.7% in the fourth quarter. Xponance Inc. now owns 8,006 shares of the utilities provider's stock valued at $554,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Down 3.5 %

Shares of NYSE:OGS traded down $2.71 during mid-day trading on Friday, hitting $73.66. 601,482 shares of the company traded hands, compared to its average volume of 403,023. The firm's 50 day simple moving average is $72.97 and its 200 day simple moving average is $72.68. The firm has a market cap of $4.41 billion, a P/E ratio of 18.84, a PEG ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $78.89.

Remove Ads

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 (EPS) for the quarter, meeting 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 analyst estimates of $973.58 million. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.67 per share. The ex-dividend date was Friday, February 21st. This is an increase from ONE Gas's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.64%. ONE Gas's dividend payout ratio (DPR) is currently 68.54%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OGS. Morgan Stanley increased their price target 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. Jefferies Financial Group cut their target price on ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Stifel Nicolaus boosted their price target on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Bank of America initiated coverage on ONE Gas in a report on Friday, December 13th. They issued a "buy" rating and a $77.00 price objective on the stock. Finally, LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Monday, March 17th. 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. According to MarketBeat.com, ONE Gas presently has a consensus rating of "Hold" and a consensus price target of $72.44.

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.