Inspire Investing LLC Has $407,000 Stock Position in ONE Gas, Inc. (NYSE:OGS)

Inspire Investing LLC lessened its position in shares of ONE Gas, Inc. (NYSE:OGS) by 41.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,872 shares of the utilities provider’s stock after selling 4,228 shares during the quarter. Inspire Investing LLC’s holdings in ONE Gas were worth $407,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of ONE Gas during the third quarter worth $3,135,000. 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 valued at $1,688,000 after acquiring an additional 12,060 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in ONE Gas by 234.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after acquiring an additional 42,724 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 18,889 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after purchasing an additional 18,477 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Down 0.9 %

Shares of NYSE OGS opened at $68.75 on Friday. 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, Inc. has a 1 year low of $57.74 and a 1 year high of $78.89. The stock has a market capitalization of $3.89 billion, a P/E ratio of 17.90, a P/E/G ratio of 5.70 and a beta of 0.71. The company has a 50-day moving average price of $71.79 and a 200-day moving average price of $71.09.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that ONE Gas, Inc. will post 3.89 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, February 21st. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 3.90%. ONE Gas’s dividend payout ratio (DPR) is 69.79%.

Analyst Upgrades and Downgrades

OGS has been the subject of several recent analyst reports. LADENBURG THALM/SH SH cut 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. Jefferies Financial Group assumed coverage on shares of ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 price objective for the company. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Bank of America began coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. Finally, 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 research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.