Nisa Investment Advisors LLC Sells 1,193 Shares of ONE Gas, Inc. (NYSE:OGS)

Nisa Investment Advisors LLC lessened its position in shares of ONE Gas, Inc. (NYSE:OGS) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,647 shares of the utilities provider’s stock after selling 1,193 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ONE Gas were worth $1,443,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in ONE Gas by 201.2% during the first quarter. State Street Corp now owns 6,266,661 shares of the utilities provider’s stock valued at $496,508,000 after purchasing an additional 4,186,102 shares during the period. Morgan Stanley grew its holdings in ONE Gas by 389.6% during the fourth quarter. Morgan Stanley now owns 1,380,333 shares of the utilities provider’s stock valued at $104,519,000 after purchasing an additional 1,098,392 shares during the period. Norges Bank bought a new stake in ONE Gas during the fourth quarter valued at about $33,464,000. Wellington Management Group LLP bought a new stake in ONE Gas during the first quarter valued at about $33,454,000. Finally, AQR Capital Management LLC grew its holdings in ONE Gas by 303.4% during the first quarter. AQR Capital Management LLC now owns 334,223 shares of the utilities provider’s stock valued at $26,481,000 after purchasing an additional 251,380 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

NYSE:OGS opened at $62.08 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3.51 billion, a P/E ratio of 15.00, a P/E/G ratio of 3.21 and a beta of 0.65. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $83.89. The business’s 50-day moving average is $61.67 and its 200 day moving average is $62.46.

ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting analysts’ consensus estimates of $1.27. The company had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The firm’s revenue for the quarter was down 26.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 earnings per share. On average, equities research analysts forecast that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OGS. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target for the company in a report on Tuesday, March 5th. Morgan Stanley upped their price objective 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 started coverage on ONE Gas in a research note on Friday. They issued a “sell” rating and a $61.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.