Bank of America Corp DE Has $13.60 Million Stake in ONE Gas, Inc. (NYSE:OGS)

Bank of America Corp DE raised its holdings in ONE Gas, Inc. (NYSE:OGS) by 31.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,429 shares of the utilities provider’s stock after purchasing an additional 47,516 shares during the quarter. Bank of America Corp DE owned approximately 0.35% of ONE Gas worth $13,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OGS. Arizona State Retirement System increased its stake in shares of ONE Gas by 0.9% in the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 152 shares in the last quarter. Ameriprise Financial Inc. increased its position in ONE Gas by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider’s stock valued at $4,225,000 after acquiring an additional 154 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in ONE Gas by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock valued at $1,497,000 after acquiring an additional 187 shares in the last quarter. LPL Financial LLC raised its stake in shares of ONE Gas by 0.8% in the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock worth $1,994,000 after acquiring an additional 220 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of ONE Gas by 4.1% during the fourth quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider’s stock worth $478,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OGS. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a report on Friday, May 9th. Wells Fargo & Company increased their price objective on ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Guggenheim raised their price target on ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $76.44.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $74.78 on Thursday. The firm has a fifty day moving average of $75.74 and a two-hundred day moving average of $73.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.64 and a beta of 0.86. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $82.25.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $935.19 million during the quarter, compared to analysts’ expectations of $882.31 million. During the same period in the previous year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, equities research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.58%. ONE Gas’s dividend payout ratio is 64.73%.

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.