Mutual of America Capital Management LLC Trims Holdings in ONE Gas, Inc. (NYSE:OGS)

Mutual of America Capital Management LLC lowered its position in shares of ONE Gas, Inc. (NYSE:OGS) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,620 shares of the utilities provider’s stock after selling 1,767 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ONE Gas were worth $2,279,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OGS. Transcendent Capital Group LLC grew its position in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of ONE Gas during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its position in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after buying an additional 349 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after buying an additional 261 shares in the last quarter. Finally, Coastline Trust Co bought a new position in shares of ONE Gas during the third quarter worth $60,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $77.87 on Monday. The firm has a fifty day simple moving average of $73.60 and a two-hundred day simple moving average of $68.18. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.41 billion, a P/E ratio of 20.28 and a beta of 0.67. ONE Gas, Inc. has a 52 week low of $55.50 and a 52 week high of $78.21.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. During the same quarter in the prior year, the business posted $0.45 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.39%. ONE Gas’s payout ratio is presently 68.75%.

Analyst Ratings Changes

Several analysts have commented on OGS shares. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wells Fargo & Company reduced their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.10.

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.