ONE Gas, Inc. (NYSE:OGS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,364,716 shares of the utilities provider’s stock after selling 105,902 shares during the period. Wellington Management Group LLP owned about 0.06% of ONE Gas worth $233,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OGS. Vanguard Group Inc. boosted its holdings in shares of ONE Gas by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock valued at $434,253,000 after buying an additional 41,933 shares during the period. Geode Capital Management LLC boosted its stake in ONE Gas by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after acquiring an additional 18,477 shares during the period. Boston Trust Walden Corp boosted its stake in ONE Gas by 0.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock valued at $73,302,000 after acquiring an additional 9,302 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of ONE Gas by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock valued at $59,849,000 after purchasing an additional 152,028 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of ONE Gas by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider’s stock worth $54,239,000 after purchasing an additional 24,860 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America began coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a report on Monday, March 17th. Stifel Nicolaus increased their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group decreased their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $72.44.

ONE Gas Stock Up 0.8 %

ONE Gas stock opened at $76.23 on Wednesday. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 3.64 and a beta of 0.66. The company’s 50-day moving average price is $72.71 and its two-hundred day moving average price is $72.62. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. On average, analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.67 per share. The ex-dividend date was Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.52%. ONE Gas’s payout ratio is 68.54%.

ONE Gas Company 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.