Ameriprise Financial Inc. Has $4.23 Million Stake in ONE Gas, Inc. (NYSE:OGS)

Ameriprise Financial Inc. lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,011 shares of the utilities provider’s stock after purchasing an additional 154 shares during the period. Ameriprise Financial Inc. owned approximately 0.11% of ONE Gas worth $4,225,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 41,933 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of 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 purchasing an additional 25,145 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in ONE Gas by 0.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock valued at $73,302,000 after buying an additional 9,302 shares during the period. Dimensional Fund Advisors LP lifted its holdings in ONE Gas by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider’s stock valued at $66,824,000 after buying an additional 15,976 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock valued at $59,849,000 after buying an additional 152,028 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OGS has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Guggenheim increased their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $75.81.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $74.41 on Monday. ONE Gas, Inc. has a twelve month low of $58.31 and a twelve month high of $82.25. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $75.72 and a two-hundred day simple moving average of $73.48. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.85 by $0.13. The company had revenue of $935.19 million during the quarter, compared to analysts’ expectations of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 EPS. Analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas’s payout ratio is presently 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.