Strategic Financial Concepts LLC Purchases New Position in ONE Gas, Inc. (NYSE:OGS)

Strategic Financial Concepts LLC bought a new stake in ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,252 shares of the utilities provider’s stock, valued at approximately $1,333,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. CWM LLC increased its position in shares of ONE Gas by 17.3% during the third quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 248 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of ONE Gas by 84.3% in the third quarter. Inspire Investing LLC now owns 10,100 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 4,620 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of ONE Gas by 2.7% during the third quarter. Exchange Traded Concepts LLC now owns 118,493 shares of the utilities provider’s stock worth $8,818,000 after buying an additional 3,091 shares in the last quarter. Finally, Creative Planning boosted its position in ONE Gas by 3.5% during the 3rd quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 1,021 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

NYSE:OGS opened at $70.11 on Tuesday. The stock has a 50 day simple moving average of $70.43 and a 200 day simple moving average of $71.33. The stock has a market cap of $3.97 billion, a P/E ratio of 18.26, a PEG ratio of 3.58 and a beta of 0.72. ONE Gas, Inc. has a 1-year low of $57.74 and a 1-year high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.82%. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is currently 69.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OGS. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Jefferies Financial Group dropped their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Stifel Nicolaus raised their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.31.

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.