Cerity Partners LLC Sells 23,154 Shares of ONE Gas, Inc. (NYSE:OGS)

Cerity Partners LLC lowered its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 70.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,775 shares of the utilities provider's stock after selling 23,154 shares during the period. Cerity Partners LLC's holdings in ONE Gas were worth $739,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alps Advisors Inc. increased its position in shares of ONE Gas by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 18,491 shares of the utilities provider's stock valued at $1,398,000 after purchasing an additional 1,342 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of ONE Gas by 1.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 15,074 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 268 shares during the last quarter. Capital Advisors Inc. OK bought a new position in shares of ONE Gas during the 1st quarter valued at about $212,000. Concurrent Investment Advisors LLC bought a new position in shares of ONE Gas during the 1st quarter valued at about $276,000. Finally, Bank of New York Mellon Corp increased its position in shares of ONE Gas by 23.2% during 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 purchasing an additional 148,003 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Trading Down 1.0%

NYSE OGS traded down $0.73 on Monday, hitting $72.20. The company's stock had a trading volume of 260,148 shares, compared to its average volume of 420,873. ONE Gas, Inc. has a 52-week low of $65.75 and a 52-week high of $82.25. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74. The company's 50-day simple moving average is $73.33 and its 200 day simple moving average is $73.75. The firm has a market cap of $4.33 billion, a P/E ratio of 17.44, a PEG ratio of 3.06 and a beta of 0.80.

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, topping the consensus estimate of $1.85 by $0.13. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business had revenue of $935.19 million during the quarter, compared to analysts' expectations of $882.31 million. During the same quarter last year, the business posted $1.75 EPS. The business's revenue was up 23.3% on a year-over-year basis. Research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is currently 64.73%.

Wall Street Analysts Forecast Growth

OGS has been the topic of several recent research reports. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Wells Fargo & Company raised their price target on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Guggenheim raised their price target on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ONE Gas currently has a consensus rating of "Hold" and a consensus target price of $77.64.

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.