Nuveen Asset Management LLC Sells 158,873 Shares of ONE Gas, Inc. (NYSE:OGS)

Nuveen Asset Management LLC trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,157 shares of the utilities provider's stock after selling 158,873 shares during the period. Nuveen Asset Management LLC owned about 0.70% of ONE Gas worth $27,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGS. UMB Bank n.a. lifted its holdings in shares of ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in ONE Gas during the 4th quarter valued at about $26,000. Crews Bank & Trust acquired a new position in ONE Gas during the 4th quarter valued at about $35,000. Sound Income Strategies LLC acquired a new stake in shares of ONE Gas in the 4th quarter worth approximately $51,000. Finally, Transce3nd LLC acquired a new stake in shares of ONE Gas in the 4th quarter worth approximately $77,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Down 1.2%

Shares of NYSE OGS traded down $0.93 during midday trading on Wednesday, reaching $74.29. The company's stock had a trading volume of 23,900 shares, compared to its average volume of 453,005. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $82.25. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 3.64 and a beta of 0.86. The stock has a 50 day simple moving average of $75.74 and a 200-day simple moving average of $73.50.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $882.31 million. During the same period in the previous year, the company earned $1.75 earnings per share. The firm's revenue for the quarter was up 23.3% on a year-over-year basis. Equities research analysts predict 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 given a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.61%. ONE Gas's dividend payout ratio (DPR) is 64.73%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley reduced their target price 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. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Guggenheim increased their price target on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company upped their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, ONE Gas has an average rating of "Hold" and a consensus price target of $75.81.

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.