Wealthfront Advisers LLC Purchases Shares of 23,123 ONE Gas, Inc. (NYSE:OGS)

Wealthfront Advisers LLC acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 23,123 shares of the utilities provider's stock, valued at approximately $1,601,000.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after purchasing an additional 645,566 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of ONE Gas by 320.2% during the third quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider's stock worth $29,980,000 after buying an additional 306,974 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of ONE Gas by 32.2% in the third quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider's stock valued at $18,599,000 after buying an additional 60,922 shares during the last quarter. Barclays PLC lifted its stake in shares of ONE Gas by 105.6% in the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after buying an additional 54,237 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider's stock worth $4,539,000 after buying an additional 42,724 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

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ONE Gas Stock Up 0.4 %

OGS stock traded up $0.28 during midday trading on Wednesday, hitting $74.57. The company's stock had a trading volume of 273,402 shares, compared to its average volume of 375,749. The firm has a 50-day simple moving average of $71.94 and a 200-day simple moving average of $72.32. The firm has a market capitalization of $4.47 billion, a P/E ratio of 19.07, a PEG ratio of 3.64 and a beta of 0.66. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $78.89.

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

ONE Gas Increases Dividend

The company also recently announced 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 3.59%. ONE Gas's dividend payout ratio (DPR) is 68.54%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OGS shares. Jefferies Financial Group decreased 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 note on Tuesday, January 28th. 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. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a report on Monday. Finally, Bank of America began coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $72.31.

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.