Jupiter Asset Management Ltd. Sells 19,386 Shares of ONE Gas, Inc. (NYSE:OGS)

Jupiter Asset Management Ltd. decreased its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 60.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,612 shares of the utilities provider's stock after selling 19,386 shares during the period. Jupiter Asset Management Ltd.'s holdings in ONE Gas were worth $953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of OGS. Coppell Advisory Solutions LLC bought a new stake in ONE Gas during the 4th quarter worth $26,000. UMB Bank n.a. grew its position in ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after acquiring an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in ONE Gas during the 4th quarter worth $50,000. Farther Finance Advisors LLC grew its position in ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after acquiring an additional 530 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in ONE Gas during the 4th quarter worth $77,000. Institutional investors own 88.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Wells Fargo & Company boosted their price objective on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Finally, Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, ONE Gas currently has an average rating of "Hold" and a consensus price target of $77.64.

ONE Gas Stock Up 1.0%

Shares of OGS opened at $73.25 on Tuesday. The company has a market capitalization of $4.39 billion, a PE ratio of 17.69, a PEG ratio of 3.04 and a beta of 0.82. ONE Gas, Inc. has a 12 month low of $65.75 and a 12 month high of $82.25. The stock's 50-day moving average price is $73.15 and its two-hundred day moving average price is $73.82. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.85 by $0.13. The firm had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. On average, analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.7%. ONE Gas's dividend payout ratio is 64.73%.

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.

Want to see what other hedge funds are holding OGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONE Gas, Inc. (NYSE:OGS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.