Linden Thomas Advisory Services LLC Cuts Holdings in ONE Gas, Inc. (NYSE:OGS)

Linden Thomas Advisory Services LLC trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,806 shares of the utilities provider’s stock after selling 332 shares during the period. Linden Thomas Advisory Services LLC’s holdings in ONE Gas were worth $1,025,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Exchange Traded Concepts LLC raised its stake in shares of ONE Gas by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 119,397 shares of the utilities provider’s stock worth $8,268,000 after buying an additional 904 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of ONE Gas in the 4th quarter worth approximately $51,000. UMB Bank n.a. grew its holdings in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 362 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of ONE Gas by 2.8% in the 4th quarter. Hennessy Advisors Inc. now owns 87,775 shares of the utilities provider’s stock worth $6,078,000 after acquiring an additional 2,400 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of ONE Gas by 3.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 24,491 shares of the utilities provider’s stock worth $1,696,000 after acquiring an additional 836 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on OGS. Jefferies Financial Group began coverage on ONE Gas in a report on Monday, December 9th. They issued a “hold” rating and a $79.00 price target on the stock. Bank of America assumed coverage on ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a report on Friday, December 6th. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company cut 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. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.69.

ONE Gas Stock Down 0.9 %

Shares of ONE Gas stock opened at $68.75 on Friday. The business has a 50-day moving average of $71.79 and a 200-day moving average of $71.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The company has a market capitalization of $3.89 billion, a PE ratio of 17.90, a P/E/G ratio of 5.70 and a beta of 0.71. ONE Gas, Inc. has a 1-year low of $57.74 and a 1-year high of $78.89.

ONE Gas (NYSE:OGS) last announced 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). The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts forecast that ONE Gas, Inc. will post 3.89 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.90%. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is 69.79%.

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.