MetLife Investment Management LLC Has $4.52 Million Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

MetLife Investment Management LLC trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,749 shares of the utilities provider’s stock after selling 486 shares during the period. MetLife Investment Management LLC owned about 0.11% of ONE Gas worth $4,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of ONE Gas by 5.8% during the 3rd quarter. Cerity Partners LLC now owns 34,544 shares of the utilities provider’s stock worth $2,571,000 after purchasing an additional 1,884 shares in the last quarter. Citigroup Inc. increased its holdings in ONE Gas by 164.0% in the third quarter. Citigroup Inc. now owns 60,170 shares of the utilities provider’s stock worth $4,478,000 after buying an additional 37,377 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ONE Gas by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock valued at $56,438,000 after acquiring an additional 18,889 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in ONE Gas in the third quarter valued at approximately $461,000. Finally, Intech Investment Management LLC bought a new stake in ONE Gas in the third quarter worth approximately $1,100,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 0.5 %

OGS stock opened at $77.97 on Monday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 20.30 and a beta of 0.67. The company has a 50-day moving average of $74.02 and a two-hundred day moving average of $68.69. ONE Gas, Inc. has a 52-week low of $55.50 and a 52-week high of $78.89. 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 (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 the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.39%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s payout ratio is currently 68.75%.

Analyst Ratings Changes

OGS has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, ONE Gas has an average rating of “Hold” and an average price target of $68.10.

ONE Gas 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.