Cetera Investment Advisers Has $1.22 Million Position in ONE Gas, Inc. (NYSE:OGS)

Cetera Investment Advisers lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 19.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,561 shares of the utilities provider’s stock after acquiring an additional 2,853 shares during the period. Cetera Investment Advisers’ holdings in ONE Gas were worth $1,216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OGS. Vanguard Group Inc. raised its holdings in ONE Gas by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock worth $434,253,000 after buying an additional 41,933 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in ONE Gas by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider’s stock worth $147,152,000 after buying an additional 25,145 shares during the last quarter. Boston Trust Walden Corp raised its holdings in ONE Gas by 0.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock worth $73,302,000 after buying an additional 9,302 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in ONE Gas by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider’s stock worth $66,824,000 after buying an additional 15,976 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in ONE Gas by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock worth $59,849,000 after buying an additional 152,028 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on OGS. Wells Fargo & Company upped their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a report on Friday, May 9th. Morgan Stanley lowered their price objective on shares of ONE Gas from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, Guggenheim upped their target price on shares of ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.81.

ONE Gas Stock Performance

NYSE OGS opened at $73.49 on Friday. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $82.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.64 and a beta of 0.86. The company has a fifty day moving average price of $75.72 and a 200-day moving average price of $73.46.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the prior year, the business posted $1.75 EPS. The business’s 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 fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 annualized dividend and a yield of 3.65%. ONE Gas’s payout ratio is currently 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.