Dean Capital Management Sells 30,158 Shares of ONE Gas, Inc. (NYSE:OGS)

Dean Capital Management decreased its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 63.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,212 shares of the utilities provider's stock after selling 30,158 shares during the period. Dean Capital Management's holdings in ONE Gas were worth $1,192,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. acquired a new stake in shares of ONE Gas in the fourth quarter valued at approximately $203,000. KBC Group NV lifted its stake in ONE Gas by 41.0% during 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of ONE Gas by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock valued at $54,239,000 after purchasing an additional 24,860 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of ONE Gas by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock worth $50,785,000 after buying an additional 31,045 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of ONE Gas by 9.8% during the 4th quarter. Sanctuary Advisors LLC now owns 5,952 shares of the utilities provider's stock worth $420,000 after buying an additional 531 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OGS. StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Monday, March 17th. Morgan Stanley set a $74.00 price objective on ONE Gas and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Guggenheim lifted their price target on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $76.44.

ONE Gas Trading Down 3.3 %

Shares of NYSE OGS traded down $2.67 during midday trading on Friday, reaching $77.04. The stock had a trading volume of 2,829,550 shares, compared to its average volume of 433,686. The company's 50 day moving average price is $75.61 and its 200 day moving average price is $73.33. 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, Inc. has a twelve month low of $58.31 and a twelve month high of $82.25. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86.

ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the previous year, the business earned $1.75 earnings per share. ONE Gas's revenue for the quarter was up 23.3% on a year-over-year basis. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be issued a $0.67 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.48%. ONE Gas's payout ratio is currently 64.73%.

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.