ONE Gas, Inc. (NYSE:OGS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 29,159 shares of the utilities provider’s stock after selling 768 shares during the period. Mutual of America Capital Management LLC’s holdings in ONE Gas were worth $2,204,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC purchased a new position in ONE Gas in the 4th quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ONE Gas during the 4th quarter worth $50,000. Farther Finance Advisors LLC lifted its position in shares of ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 530 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of ONE Gas during the 4th quarter worth $77,000. 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. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Morgan Stanley restated an “underperform” rating on shares of ONE Gas in a research note on Wednesday, June 18th. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average target price of $77.64.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $73.43 on Friday. 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 fifty-two week low of $65.75 and a fifty-two week high of $82.25. The firm has a 50-day simple moving average of $73.40 and a 200 day simple moving average of $73.49. The company has a market cap 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 issued its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. The company had revenue of $935.19 million during 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 revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 EPS. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 annualized dividend and a yield of 3.65%. ONE Gas’s dividend payout ratio is presently 64.73%.

ONE Gas Company 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.