ONE Gas, Inc. (NYSE:OGS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,364,716 shares of the utilities provider’s stock after selling 105,902 shares during the quarter. Wellington Management Group LLP owned about 5.62% of ONE Gas worth $233,007,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OGS shares. 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 for the company. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a research report on Monday, March 17th. Jefferies Financial Group decreased their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Stifel Nicolaus increased their target price 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 raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and a consensus price target of $72.44.

ONE Gas Trading Up 0.8 %

Shares of OGS opened at $76.23 on Wednesday. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $78.89. The stock has a 50-day moving average price of $72.71 and a 200 day moving average price of $72.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The company has a market capitalization of $4.56 billion, a P/E ratio of 19.50, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate 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 return on equity of 7.70% and a net margin of 10.70%. Sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio is 68.54%.

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.