Schroder Investment Management Group Trims Stake in ONE Gas, Inc. (NYSE:OGS)

Schroder Investment Management Group reduced its stake in ONE Gas, Inc. (NYSE:OGS) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 471,923 shares of the utilities provider’s stock after selling 61,263 shares during the quarter. Schroder Investment Management Group’s holdings in ONE Gas were worth $32,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OGS. Norges Bank purchased a new position in shares of ONE Gas during the 4th quarter valued at about $43,344,000. JPMorgan Chase & Co. lifted its holdings in 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 in the last quarter. WINTON GROUP Ltd lifted its holdings in ONE Gas by 2.0% during the fourth quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider’s stock valued at $1,064,000 after purchasing an additional 304 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of ONE Gas by 0.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 100,448 shares of the utilities provider’s stock worth $6,956,000 after purchasing an additional 488 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of ONE Gas by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock worth $434,253,000 after purchasing an additional 41,933 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $76.23 on Wednesday. The firm has a market cap of $4.56 billion, a PE ratio of 19.50, a PEG ratio of 3.64 and a beta of 0.66. The stock has a 50 day moving average of $72.71 and a 200 day moving average of $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, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89.

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

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.67 dividend. The ex-dividend date was Friday, February 21st. This is an increase 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%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OGS shares. Stifel Nicolaus lifted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Jefferies Financial Group lowered their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, Morgan Stanley increased their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.44.

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.