ONE Gas, Inc. (NYSE:OGS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in ONE Gas, Inc. (NYSE:OGS) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,310 shares of the utilities provider’s stock after selling 358 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ONE Gas were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after buying an additional 272,923 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of ONE Gas by 9,036.9% in the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after acquiring an additional 200,168 shares in the last quarter. Earnest Partners LLC acquired a new stake in shares of ONE Gas during the second quarter valued at approximately $12,594,000. Boston Trust Walden Corp lifted its position in shares of ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after acquiring an additional 98,489 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in ONE Gas by 4,820.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 95,409 shares of the utilities provider’s stock worth $5,982,000 after purchasing an additional 93,470 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $76.76 on Tuesday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 19.99 and a beta of 0.67. ONE Gas, Inc. has a 1 year low of $57.74 and a 1 year high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $74.07 and a 200 day simple moving average of $68.77.

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

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s payout ratio is presently 68.75%.

Analysts Set New Price Targets

Several brokerages have issued reports on OGS. Wells Fargo & Company cut their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.10.

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.