ONE Gas, Inc. (NYSE:OGS) Shares Sold by Fmr LLC

Fmr LLC trimmed its stake in ONE Gas, Inc. (NYSE:OGS) by 5.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,323 shares of the utilities provider’s stock after selling 407 shares during the quarter. Fmr LLC’s holdings in ONE Gas were worth $545,000 as of its most recent filing with the SEC.

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

ONE Gas Price Performance

Shares of NYSE:OGS opened at $66.96 on Thursday. The company has a market cap of $3.79 billion, a PE ratio of 17.44 and a beta of 0.70. The firm has a 50-day simple moving average of $73.81 and a 200 day simple moving average of $69.62. ONE Gas, Inc. has a fifty-two week low of $57.74 and a fifty-two week high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) 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 the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Analysts Set New Price Targets

Several analysts recently issued reports on OGS shares. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their target price on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company cut their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group began coverage on ONE Gas in a research report on Monday, December 9th. They set a “hold” rating and a $79.00 target price on the stock. Finally, Bank of America started coverage on ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.69.

ONE Gas 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.