ONE Gas, Inc. (NYSE:OGS) Shares Sold by South Dakota Investment Council

South Dakota Investment Council reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 41.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,689 shares of the utilities provider's stock after selling 14,500 shares during the quarter. South Dakota Investment Council's holdings in ONE Gas were worth $1,564,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of ONE Gas during the fourth quarter valued at $26,000. UMB Bank n.a. raised its holdings in ONE Gas by 69.1% in the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after purchasing an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ONE Gas in the 4th quarter valued at approximately $50,000. Farther Finance Advisors LLC raised its position in shares of ONE Gas by 195.6% in the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 530 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in shares of ONE Gas in the 4th quarter valued at approximately $77,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on OGS. Guggenheim raised their price objective 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 increased their target price on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $77.64.

ONE Gas Trading Down 0.0%

Shares of NYSE:OGS traded down $0.03 during midday trading on Thursday, reaching $73.63. 65,135 shares of the company's stock were exchanged, compared to its average volume of 532,367. The firm's 50 day simple moving average is $73.47 and its two-hundred day simple moving average is $73.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 3.13 and a beta of 0.80. ONE Gas, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly 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 firm earned $1.75 earnings per share. The business's revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio is presently 64.73%.

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.