ONE Gas, Inc. (NYSE:OGS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,004,668 shares of the utilities provider’s stock after selling 342,749 shares during the period. American Century Companies Inc. owned approximately 0.07% of ONE Gas worth $277,323,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in OGS. Atria Investments Inc lifted its stake in ONE Gas by 21.9% during the third quarter. Atria Investments Inc now owns 4,555 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 817 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of ONE Gas by 113.5% in the third quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 12,060 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of ONE Gas in the third quarter valued at $1,100,000. Integrated Investment Consultants LLC acquired a new stake in shares of ONE Gas in the third quarter valued at $461,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ONE Gas by 2.6% in 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. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OGS shares. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research note on Monday, March 17th. Jefferies Financial Group reduced their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Stifel Nicolaus increased their price objective 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, Morgan Stanley raised their price target on ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.44.

ONE Gas Stock Performance

Shares of OGS stock opened at $73.11 on Friday. The stock’s 50-day moving average is $72.29 and its two-hundred day moving average is $72.38. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 3.64 and a beta of 0.66. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $78.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.67%. ONE Gas’s dividend payout ratio (DPR) is presently 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.