ONE Gas, Inc. (NYSE:OGS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,993 shares of the utilities provider’s stock after selling 600 shares during the period. State of Alaska Department of Revenue’s holdings in ONE Gas were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its holdings in shares of ONE Gas by 1.8% in the 1st quarter. HighTower Advisors LLC now owns 11,783 shares of the utilities provider’s stock worth $1,038,000 after acquiring an additional 211 shares during the period. AlphaCrest Capital Management LLC grew its holdings in ONE Gas by 34.8% during the 1st quarter. AlphaCrest Capital Management LLC now owns 4,448 shares of the utilities provider’s stock valued at $392,000 after buying an additional 1,148 shares during the last quarter. Natixis Advisors L.P. grew its holdings in ONE Gas by 5.1% during the 1st quarter. Natixis Advisors L.P. now owns 14,201 shares of the utilities provider’s stock valued at $1,253,000 after buying an additional 684 shares during the last quarter. Bank of Montreal Can grew its holdings in ONE Gas by 2.9% during the 1st quarter. Bank of Montreal Can now owns 24,354 shares of the utilities provider’s stock valued at $2,157,000 after buying an additional 682 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in ONE Gas during the 1st quarter valued at $872,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Down 1.0 %

NYSE:OGS opened at $62.08 on Friday. The business’s 50-day moving average is $61.67 and its two-hundred day moving average is $62.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $83.89. The firm has a market capitalization of $3.51 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, meeting the consensus estimate of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The company had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same period last year, the company posted $1.23 earnings per share. The firm’s revenue was down 26.0% compared to the same quarter last year. Research analysts predict that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from ONE Gas’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 4.25%. ONE Gas’s dividend payout ratio (DPR) is currently 63.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Morgan Stanley increased their price target on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. UBS Group initiated coverage on ONE Gas in a research note on Friday. They set a “sell” rating and a $61.00 price target on the stock. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target on the stock in a research note on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $64.44.

About ONE Gas

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.