ONE Gas, Inc. (NYSE:OGS) Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its stake in ONE Gas, Inc. (NYSE:OGS) by 164.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,170 shares of the utilities provider’s stock after purchasing an additional 37,377 shares during the quarter. Citigroup Inc.’s holdings in ONE Gas were worth $4,478,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in OGS. Charles Schwab Investment Management Inc. grew its holdings in shares of ONE Gas by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after purchasing an additional 18,889 shares during the period. Integrated Investment Consultants LLC purchased a new stake in ONE Gas during the third quarter worth approximately $461,000. Intech Investment Management LLC acquired a new stake in shares of ONE Gas in the third quarter worth $1,100,000. Pathstone Holdings LLC raised its stake in shares of ONE Gas by 113.5% in the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 12,060 shares during the period. Finally, Coastline Trust Co acquired a new position in shares of ONE Gas during the 3rd quarter valued at $60,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research 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 report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $76.76 on Tuesday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 19.99 and a beta of 0.67. The business has a 50-day moving average of $74.07 and a two-hundred day moving average of $68.77. ONE Gas, Inc. has a fifty-two week low of $57.74 and a fifty-two week high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

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

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.44%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

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.