Massachusetts Financial Services Co. MA Lowers Holdings in ONE Gas, Inc. (NYSE:OGS)

Massachusetts Financial Services Co. MA cut its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 513,112 shares of the utilities provider's stock after selling 12,429 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.86% of ONE Gas worth $38,786,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 41,933 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of ONE Gas by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock valued at $147,152,000 after buying an additional 25,145 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of ONE Gas by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after buying an additional 15,976 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 buying an additional 152,028 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of ONE Gas by 60.7% during the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after purchasing an additional 310,460 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Up 1.4%

OGS stock traded up $1.01 during trading on Monday, hitting $74.46. 293,995 shares of the company traded hands, compared to its average volume of 495,820. The company has a 50-day moving average of $73.40 and a 200-day moving average of $73.53. The firm has a market capitalization of $4.46 billion, a PE ratio of 17.74, a P/E/G ratio of 3.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.59. ONE Gas, Inc. has a 1 year low of $65.75 and a 1 year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last posted 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 8.15% and a net margin of 10.75%. The company had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. During the same quarter last year, the company earned $1.75 EPS. The firm's revenue for the quarter was up 23.3% on a year-over-year basis. Analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.60%. ONE Gas's payout ratio is 64.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OGS shares. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and increased their price target for the company from $76.00 to $84.00 in a research report on Monday, April 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley reiterated an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company boosted their target price on 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 given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $77.64.

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.