ONE Gas, Inc. (NYSE:OGS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in shares of ONE Gas, Inc. (NYSE:OGS) by 0.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,586 shares of the utilities provider’s stock after selling 238 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of ONE Gas worth $11,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in ONE Gas by 0.7% during the 4th 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 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 acquiring an additional 25,145 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 acquiring an additional 15,976 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 152,028 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of ONE Gas by 60.7% during the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider’s stock worth $56,914,000 after purchasing an additional 310,460 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of OGS opened at $73.43 on Friday. The company has a 50-day simple moving average of $73.40 and a 200-day simple moving average of $73.49. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.74. ONE Gas, Inc. has a 52-week low of $65.75 and a 52-week high of $82.25. The company has a market capitalization of $4.40 billion, a PE ratio of 17.74, a P/E/G ratio of 3.08 and a beta of 0.80.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data 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. The company had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. Equities research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, May 19th. ONE Gas’s dividend payout ratio (DPR) is currently 64.73%.

Wall Street Analyst Weigh In

Several research firms have recently commented on OGS. Morgan Stanley reaffirmed an “underperform” rating on shares of ONE Gas in a research report on Wednesday, June 18th. Guggenheim increased their target price on ONE Gas from $69.00 to $73.00 and gave the stock 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 raised their price objective for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.64.

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.