Cerity Partners LLC Has $739,000 Holdings in ONE Gas, Inc. (NYSE:OGS)

Cerity Partners LLC cut its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 70.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,775 shares of the utilities provider's stock after selling 23,154 shares during the quarter. Cerity Partners LLC's holdings in ONE Gas were worth $739,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in ONE Gas during the fourth quarter worth about $43,344,000. Bank of Montreal Can lifted its stake in shares of ONE Gas by 1,421.7% during the fourth quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after buying an additional 456,891 shares during the period. Deutsche Bank AG raised its stake in ONE Gas by 60.7% during the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after purchasing an additional 310,460 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ONE Gas by 21.3% in the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after acquiring an additional 152,028 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of ONE Gas by 23.2% in the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock valued at $59,492,000 after acquiring an additional 148,003 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of OGS stock traded down $0.04 during mid-day trading on Friday, reaching $72.98. The company's stock had a trading volume of 401,478 shares, compared to its average volume of 464,245. The company has a market cap of $4.37 billion, a P/E ratio of 17.63, a PEG ratio of 3.06 and a beta of 0.80. ONE Gas, Inc. has a 1-year low of $65.75 and a 1-year high of $82.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.59. The firm's 50-day moving average is $73.45 and its two-hundred day moving average is $73.61.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 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 firm had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The company's revenue was up 23.3% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's payout ratio is currently 64.73%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim boosted their price objective 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. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $84.00 in a research report on Monday, April 7th. Finally, Wells Fargo & Company boosted their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" 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 assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $77.64.

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.