ONE Gas, Inc. (NYSE:OGS) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,280 shares of the utilities provider’s stock after buying an additional 767 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in ONE Gas were worth $1,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James & Associates lifted its holdings in shares of ONE Gas by 37.6% during the 4th quarter. Raymond James & Associates now owns 17,284 shares of the utilities provider’s stock valued at $1,101,000 after acquiring an additional 4,721 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of ONE Gas by 7.5% during the 4th quarter. Legato Capital Management LLC now owns 21,442 shares of the utilities provider’s stock valued at $1,366,000 after acquiring an additional 1,487 shares in the last quarter. Insight Folios Inc acquired a new position in shares of ONE Gas during the 4th quarter valued at $278,000. Klein Pavlis & Peasley Financial Inc. acquired a new position in shares of ONE Gas during the 4th quarter valued at $964,000. Finally, BKM Wealth Management LLC acquired a new position in shares of ONE Gas during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. UBS Group assumed coverage on shares of ONE Gas in a report on Friday. They set a “sell” rating and a $61.00 target price on the stock. Morgan Stanley lifted their target price on shares of ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Finally, LADENBURG THALM/SH SH raised shares of 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 research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $64.44.

ONE Gas Stock Performance

ONE Gas stock opened at $62.08 on Monday. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $83.89. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The firm’s fifty day moving average price is $61.67 and its 200 day moving average price is $62.46.

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

ONE Gas Increases Dividend

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

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.