ONE Gas, Inc. (NYSE:OGS) Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,311 shares of the utilities provider’s stock after selling 529 shares during the period. Yousif Capital Management LLC’s holdings in ONE Gas were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of ONE Gas in the fourth quarter worth approximately $26,000. UMB Bank n.a. grew its stake in shares of ONE Gas by 69.1% in the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ONE Gas during the fourth quarter worth $50,000. Farther Finance Advisors LLC boosted its stake in ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after buying an additional 530 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of ONE Gas in the 4th quarter valued at $77,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OGS shares. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Guggenheim boosted their price objective on ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Jefferies Financial Group raised ONE Gas from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Morgan Stanley dropped their price objective on ONE Gas from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company increased their price target on ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.36.

ONE Gas Stock Down 1.3%

OGS stock opened at $71.69 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. ONE Gas, Inc. has a fifty-two week low of $59.80 and a fifty-two week high of $82.25. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 3.64 and a beta of 0.82. The business’s fifty day moving average price is $75.68 and its two-hundred day moving average price is $73.22.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $935.19 million for the quarter, compared to analysts’ expectations of $882.31 million. During the same quarter in the previous year, the business posted $1.75 earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Monday, May 19th. ONE Gas’s dividend payout ratio (DPR) is currently 64.73%.

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.