ONE Gas, Inc. (NYSE:OGS) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of ONE Gas, Inc. (NYSE:OGS) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,448 shares of the utilities provider’s stock after buying an additional 488 shares during the period. Meiji Yasuda Asset Management Co Ltd. owned 0.18% of ONE Gas worth $6,956,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. raised its position in ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of ONE Gas during the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB acquired a new position in ONE Gas in the 3rd quarter valued at about $45,000. Sound Income Strategies LLC purchased a new stake in ONE Gas during the 4th quarter valued at approximately $51,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 210 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. 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 report on Friday, December 6th. Morgan Stanley increased their price target on shares of ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research report on Monday, March 17th. Finally, Jefferies Financial Group cut their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.44.

ONE Gas Trading Up 0.5 %

Shares of ONE Gas stock opened at $73.43 on Tuesday. The company has a 50-day moving average of $72.37 and a two-hundred day moving average of $72.44. The stock has a market cap of $4.40 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. 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 announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.67 dividend. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.65%. ONE Gas’s payout ratio is 68.54%.

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.