Millennium Management LLC Has $6.64 Million Stock Position in ONE Gas, Inc. (NYSE:OGS)

Millennium Management LLC trimmed its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 56.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,828 shares of the utilities provider's stock after selling 122,005 shares during the quarter. Millennium Management LLC owned about 0.17% of ONE Gas worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in ONE Gas by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock worth $434,253,000 after acquiring an additional 41,933 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of ONE Gas by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock worth $147,152,000 after purchasing an additional 25,145 shares during the period. Boston Trust Walden Corp lifted its position in shares of ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock worth $73,302,000 after purchasing an additional 9,302 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in ONE Gas by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after purchasing an additional 15,976 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after purchasing an additional 152,028 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

Shares of ONE Gas stock traded up $0.48 during trading on Friday, hitting $74.81. 1,099,886 shares of the company's stock traded hands, compared to its average volume of 460,149. The company has a market cap of $4.48 billion, a PE ratio of 19.13, a PEG ratio of 3.64 and a beta of 0.86. The firm's fifty day moving average price is $75.77 and its 200 day moving average price is $73.50. ONE Gas, Inc. has a twelve month low of $58.82 and a twelve month high of $82.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37.

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

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.58%. ONE Gas's payout ratio is presently 64.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday, May 9th. Morgan Stanley reduced their price target on shares of ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Guggenheim boosted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of "Hold" and a consensus price target of $75.81.

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.