ONE Gas, Inc. (NYSE:OGS) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in ONE Gas, Inc. (NYSE:OGS) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,662 shares of the utilities provider’s stock after selling 1,565 shares during the period. HighTower Advisors LLC’s holdings in ONE Gas were worth $1,760,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pathstone Holdings LLC boosted its position in ONE Gas by 113.5% during the third quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock worth $1,688,000 after purchasing an additional 12,060 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of ONE Gas by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after buying an additional 18,889 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in ONE Gas in the 3rd quarter valued at about $869,000. Citigroup Inc. increased its holdings in ONE Gas by 164.0% during the 3rd quarter. Citigroup Inc. now owns 60,170 shares of the utilities provider’s stock valued at $4,478,000 after acquiring an additional 37,377 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in ONE Gas by 19.2% during the second quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock worth $20,037,000 after acquiring an additional 50,515 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Up 0.2 %

Shares of NYSE:OGS opened at $70.38 on Friday. ONE Gas, Inc. has a 12-month low of $57.74 and a 12-month high of $78.89. The stock’s 50-day moving average price is $73.86 and its two-hundred day moving average price is $69.40. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 18.33 and a beta of 0.70.

ONE Gas (NYSE:OGS) last released its earnings results 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). 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 analysts’ expectations of $287.48 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts forecast that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OGS shares. Morgan Stanley increased their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Stifel Nicolaus boosted their price target on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group assumed coverage on ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 price objective on the stock. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research note on Friday, December 6th. Finally, Wells Fargo & Company decreased their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $72.69.

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.