Schroder Investment Management Group Reduces Holdings in ONE Gas, Inc. (NYSE:OGS)

Schroder Investment Management Group lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 471,923 shares of the utilities provider’s stock after selling 61,263 shares during the quarter. Schroder Investment Management Group owned about 0.83% of ONE Gas worth $32,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Oddo BHF Asset Management Sas bought a new stake in ONE Gas during the 3rd quarter valued at approximately $3,135,000. Atria Wealth Solutions Inc. purchased a new position in shares of ONE Gas in the 4th quarter valued at approximately $203,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of ONE Gas by 234.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after purchasing an additional 42,724 shares in the last quarter. KBC Group NV raised its holdings in ONE Gas by 41.0% in the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 645 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after buying an additional 18,477 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

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

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. As a group, research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.67 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Friday, February 21st. ONE Gas’s payout ratio is currently 68.54%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OGS shares. Jefferies Financial Group reduced their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America began coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Stifel Nicolaus boosted their price target on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Morgan Stanley raised their price objective on ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.44.

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.