Alps Advisors Inc. Has $2.07 Million Stock Position in ONE Gas, Inc. $OGS

Alps Advisors Inc. lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,507 shares of the utilities provider’s stock after purchasing an additional 7,148 shares during the period. Alps Advisors Inc.’s holdings in ONE Gas were worth $2,065,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Caldwell Trust Co bought a new position in ONE Gas during the 2nd quarter worth $33,000. Daiwa Securities Group Inc. acquired a new stake in shares of ONE Gas in the second quarter valued at about $50,000. Avalon Trust Co bought a new position in shares of ONE Gas during the second quarter worth about $51,000. Hantz Financial Services Inc. lifted its stake in shares of ONE Gas by 5,362.5% in the second quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 858 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of ONE Gas by 130.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,400 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 793 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 1.6%

Shares of NYSE OGS opened at $83.11 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.99 billion, a PE ratio of 19.37, a P/E/G ratio of 2.61 and a beta of 0.81. The company’s fifty day simple moving average is $78.42 and its 200 day simple moving average is $78.47. ONE Gas, Inc. has a 12-month low of $68.58 and a 12-month high of $84.11.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is presently 62.47%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lowered their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Bank of America increased their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Morgan Stanley reaffirmed an “underperform” rating and set a $73.00 price target on shares of ONE Gas in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group increased their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.57.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.