ONE Gas, Inc. (NYSE:OGS) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its stake in ONE Gas, Inc. (NYSE:OGS) by 27.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,815 shares of the utilities provider’s stock after selling 1,073 shares during the period. Geneos Wealth Management Inc.’s holdings in ONE Gas were worth $179,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of ONE Gas by 0.9% during the first quarter. BlackRock Inc. now owns 6,901,148 shares of the utilities provider’s stock worth $546,778,000 after purchasing an additional 60,759 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ONE Gas by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after acquiring an additional 27,831 shares during the last quarter. State Street Corp increased its holdings in shares of ONE Gas by 201.2% in the 1st quarter. State Street Corp now owns 6,266,661 shares of the utilities provider’s stock valued at $496,508,000 after acquiring an additional 4,186,102 shares during the period. T. Rowe Price Investment Management Inc. raised its position in ONE Gas by 1.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,928,530 shares of the utilities provider’s stock valued at $146,029,000 after purchasing an additional 26,335 shares during the last quarter. Finally, Morgan Stanley boosted its stake in ONE Gas by 2.6% during the 3rd quarter. Morgan Stanley now owns 1,794,419 shares of the utilities provider’s stock worth $122,523,000 after purchasing an additional 45,196 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ONE Gas Price Performance

ONE Gas stock opened at $62.08 on Monday. The company has a market cap of $3.51 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $83.89. The business has a fifty day moving average of $61.67 and a two-hundred day moving average of $62.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last announced 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 net margin of 9.75% and a return on equity of 8.63%. The firm had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was down 26.0% compared to the same quarter last year. As a group, analysts predict that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared 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. This is a positive change from ONE Gas’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, February 22nd. This represents a $2.64 annualized dividend and a dividend yield of 4.25%. ONE Gas’s payout ratio is 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.