ONE Gas, Inc. (NYSE:OGS) Stock Holdings Raised by Atria Investments Inc

Atria Investments Inc raised its stake in ONE Gas, Inc. (NYSE:OGS) by 21.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,555 shares of the utilities provider’s stock after purchasing an additional 817 shares during the period. Atria Investments Inc’s holdings in ONE Gas were worth $339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of ONE Gas by 55.2% in the 1st quarter. Janus Henderson Group PLC now owns 287,006 shares of the utilities provider’s stock worth $18,520,000 after purchasing an additional 102,092 shares during the last quarter. Jane Street Group LLC increased its position in shares of ONE Gas by 283.6% in the 1st quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock worth $12,469,000 after purchasing an additional 142,865 shares during the last quarter. Boston Partners acquired a new position in shares of ONE Gas in the 1st quarter valued at about $708,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of ONE Gas by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 72,061 shares of the utilities provider’s stock valued at $4,654,000 after buying an additional 3,233 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in shares of ONE Gas by 19.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock valued at $20,037,000 after buying an additional 50,515 shares during the period. Institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on OGS shares. Morgan Stanley lifted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company reduced their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.10.

ONE Gas Trading Up 1.3 %

Shares of NYSE:OGS opened at $77.87 on Friday. The company has a 50 day moving average of $73.49 and a 200-day moving average of $68.07. The firm has a market cap of $4.41 billion, a P/E ratio of 20.31 and a beta of 0.67. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $78.21. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

ONE Gas Company Profile

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.