ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in ONE Gas, Inc. (NYSE:OGS) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 119,397 shares of the utilities provider’s stock after purchasing an additional 904 shares during the quarter. Exchange Traded Concepts LLC’s holdings in ONE Gas were worth $8,268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 362 shares during the period. Transcendent Capital Group LLC increased its position 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 purchasing an additional 266 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after buying an additional 349 shares during the period. GAMMA Investing LLC lifted its position in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after buying an additional 261 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas during the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Down 0.9 %

Shares of OGS opened at $68.75 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The stock has a 50-day moving average price of $71.79 and a 200 day moving average price of $71.03. The company has a market capitalization of $3.89 billion, a P/E ratio of 17.90, a P/E/G ratio of 5.70 and a beta of 0.71.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. Sell-side analysts forecast that ONE Gas, Inc. will post 3.89 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.67 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.90%. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 note on Friday, December 6th. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company decreased their target price 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. Bank of America began coverage on ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average price target of $72.69.

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.