ONE Gas, Inc. (NYSE:OGS) Stock Holdings Lifted by Diversified Trust Co

Diversified Trust Co raised its position in shares of ONE Gas, Inc. (NYSE:OGS) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,431 shares of the utilities provider’s stock after purchasing an additional 461 shares during the period. Diversified Trust Co’s holdings in ONE Gas were worth $722,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OGS. Arizona State Retirement System raised its position in ONE Gas by 3.9% during the second quarter. Arizona State Retirement System now owns 15,830 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 590 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the last quarter. BOKF NA boosted its holdings in ONE Gas by 1.3% in the second quarter. BOKF NA now owns 155,772 shares of the utilities provider’s stock worth $9,946,000 after purchasing an additional 2,047 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in ONE Gas by 4,820.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 95,409 shares of the utilities provider’s stock worth $5,982,000 after buying an additional 93,470 shares during the last quarter. Finally, Krane Funds Advisors LLC bought a new position in ONE Gas during the second quarter valued at about $204,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Up 0.2 %

OGS stock opened at $68.21 on Friday. The business’s 50-day simple moving average is $72.45 and its 200 day simple moving average is $70.44. 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 company has a market cap of $3.86 billion, a PE ratio of 17.76 and a beta of 0.71. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89.

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

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.87%. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OGS shares. Jefferies Financial Group started coverage on ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 price target for the company. Stifel Nicolaus lifted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research note on Friday, December 6th. Finally, Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.69.

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.