ONE Gas, Inc. (NYSE:OGS) Holdings Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,052,678 shares of the utilities provider's stock after selling 5,829 shares during the period. Boston Trust Walden Corp owned 1.76% of ONE Gas worth $79,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in ONE Gas during the 4th quarter worth approximately $26,000. UMB Bank n.a. lifted its stake in shares of ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ONE Gas in the 4th quarter valued at $50,000. Farther Finance Advisors LLC raised its holdings in ONE Gas by 195.6% in 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 period. Finally, Transce3nd LLC bought a new position in ONE Gas in the 4th quarter worth $77,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OGS shares. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Wells Fargo & Company boosted their price target on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Guggenheim boosted their price target on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $77.64.

ONE Gas Price Performance

Shares of OGS stock opened at $71.70 on Thursday. ONE Gas, Inc. has a 1 year low of $59.80 and a 1 year high of $82.25. The firm's 50 day moving average is $75.63 and its 200-day moving average is $73.20. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 3.02 and a beta of 0.82. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The company had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same period in the prior year, the business earned $1.75 earnings per share. ONE Gas's quarterly revenue was up 23.3% on a year-over-year basis. Sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.74%. ONE Gas's payout ratio is 64.73%.

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.

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