Miller Howard Investments Inc. NY Sells 2,895 Shares of ONE Gas, Inc. (NYSE:OGS)

Miller Howard Investments Inc. NY reduced its position in ONE Gas, Inc. (NYSE:OGS) by 21.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,530 shares of the utilities provider’s stock after selling 2,895 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in ONE Gas were worth $729,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of OGS. UMB Bank n.a. boosted its stake 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 worth $26,000 after buying an additional 362 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. Crews Bank & Trust bought a new position in shares of ONE Gas during the 4th quarter valued at $35,000. GAMMA Investing LLC raised its position in ONE Gas by 75.2% in 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 during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in ONE Gas in the third quarter worth $45,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

Shares of OGS stock opened at $70.50 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average of $70.43 and a 200 day moving average of $71.33. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 3.58 and a beta of 0.72. ONE Gas, Inc. has a 52 week low of $57.74 and a 52 week high of $78.89.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.80%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

Analysts Set New Price Targets

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