US Bancorp DE Sells 357 Shares of ONE Gas, Inc. (NYSE:OGS)

US Bancorp DE lowered its position in ONE Gas, Inc. (NYSE:OGS) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,143 shares of the utilities provider’s stock after selling 357 shares during the period. US Bancorp DE’s holdings in ONE Gas were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OGS. Coppell Advisory Solutions LLC bought a new position in shares of ONE Gas in the fourth quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings 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 valued at $48,000 after purchasing an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in ONE Gas in the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC raised its position in ONE Gas by 195.6% in 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 bought a new position in ONE Gas in the 4th quarter worth approximately $77,000. Institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research report on Friday, May 9th. Morgan Stanley restated an “underperform” rating on shares of ONE Gas in a research report on Wednesday, June 18th. Wells Fargo & Company boosted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Guggenheim boosted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus target price of $77.64.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $76.35 on Friday. The firm has a fifty day moving average of $73.27 and a two-hundred day moving average of $74.02. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 3.16 and a beta of 0.82. ONE Gas, Inc. has a 52 week low of $66.32 and a 52 week high of $82.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $423.70 million during the quarter, compared to analysts’ expectations of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, equities research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. ONE Gas’s payout ratio is 63.96%.

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.