Sei Investments Co. Decreases Holdings in ONE Gas, Inc. (NYSE:OGS)

Sei Investments Co. trimmed its stake in ONE Gas, Inc. (NYSE:OGS) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,578 shares of the utilities provider’s stock after selling 14,212 shares during the quarter. Sei Investments Co. owned approximately 0.33% of ONE Gas worth $13,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of OGS. Wellington Management Group LLP grew its holdings in ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after purchasing an additional 645,566 shares during the period. Verition Fund Management LLC lifted its position in shares of ONE Gas by 320.2% during the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock valued at $29,980,000 after buying an additional 306,974 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of ONE Gas by 32.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider’s stock worth $18,599,000 after acquiring an additional 60,922 shares during the period. Barclays PLC increased its holdings in ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock worth $7,859,000 after acquiring an additional 54,237 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in ONE Gas by 61.8% during the fourth quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider’s stock valued at $9,758,000 after purchasing an additional 53,800 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

OGS has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Bank of America started coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 target price 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 reduced their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.44.

ONE Gas Trading Up 2.9 %

Shares of OGS opened at $75.89 on Friday. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The company has a market capitalization of $4.54 billion, a P/E ratio of 19.41, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The firm’s 50 day simple moving average is $72.57 and its 200 day simple moving average is $72.54.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data 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 the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Sell-side analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share 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 given a dividend of $0.67 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is presently 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.