ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of ONE Gas, Inc. (NYSE:OGS – Get Rating) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 885,974 shares of the utilities provider’s stock after purchasing an additional 27,607 shares during the period. Bank of New York Mellon Corp owned about 1.64% of ONE Gas worth $62,366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OGS. HighTower Advisors LLC lifted 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 purchasing an additional 211 shares during the last quarter. AlphaCrest Capital Management LLC lifted its stake in ONE Gas by 34.8% in the first 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. lifted its stake in ONE Gas by 5.1% in the first 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 boosted its holdings in shares of ONE Gas by 2.9% during the first quarter. Bank of Montreal Can now owns 24,354 shares of the utilities provider’s stock valued at $2,157,000 after acquiring an additional 682 shares during the period. Finally, APG Asset Management N.V. bought a new position in shares of ONE Gas during the first quarter worth about $872,000. 83.34% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $75.97 on Friday. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 3.76 and a beta of 0.68. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.02 and a quick ratio of 0.80. ONE Gas, Inc. has a 12 month low of $68.86 and a 12 month high of $92.26. The stock’s 50 day moving average price is $79.81 and its 200 day moving average price is $78.55.

ONE Gas (NYSE:OGS – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. ONE Gas had a return on equity of 8.93% and a net margin of 8.60%. The company had revenue of $818.21 million for the quarter, compared to analysts’ expectations of $670.50 million. During the same period last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. Equities research analysts anticipate that ONE Gas, Inc. will post 4.13 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be given a dividend of $0.65 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, February 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.42%. ONE Gas’s dividend payout ratio (DPR) is 63.57%.

Analyst Ratings Changes

OGS has been the topic of several recent research reports. Stifel Nicolaus downgraded shares of ONE Gas from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, January 11th. Bank of America downgraded ONE Gas from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $79.00 in a research report on Friday, December 16th. Guggenheim raised ONE Gas from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $64.00 to $77.00 in a report on Monday, January 23rd. Mizuho lifted their target price on ONE Gas from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, February 28th. Finally, Morgan Stanley decreased their price target on ONE Gas from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $78.50.

ONE Gas Profile

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ONE Gas, Inc engages in the provision of natural gas distribution services. It offers natural gas to residential, commercial, industrial, and transportation customers. The firm operates through three divisions: oklahoma natural gas, kansas gas service and texas gas service The company was founded in 1906 and is headquartered in Tulsa, OK.