Rhumbline Advisers Has $15.45 Million Stake in ONE Gas, Inc. (NYSE:OGS)

Rhumbline Advisers trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,402 shares of the utilities provider's stock after selling 3,896 shares during the quarter. Rhumbline Advisers owned approximately 0.34% of ONE Gas worth $15,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock valued at $1,139,000 after buying an additional 152 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in ONE Gas by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after purchasing an additional 154 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in ONE Gas by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock worth $1,497,000 after purchasing an additional 187 shares during the last quarter. LPL Financial LLC lifted its holdings in ONE Gas by 0.8% in the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock worth $1,994,000 after purchasing an additional 220 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in ONE Gas by 4.1% in the 4th quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock worth $478,000 after purchasing an additional 269 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OGS shares. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. 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 report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday, May 9th. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley cut their price target on ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ONE Gas presently has an average rating of "Hold" and an average target price of $77.36.

ONE Gas Stock Performance

OGS opened at $73.42 on Friday. The stock has a market cap of $4.40 billion, a PE ratio of 18.78, a P/E/G ratio of 3.64 and a beta of 0.82. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 1 year low of $59.74 and a 1 year high of $82.25. The stock's 50 day simple moving average is $75.71 and its 200-day simple moving average is $73.43.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. The business had revenue of $935.19 million for the quarter, compared to analysts' expectations of $882.31 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. ONE Gas's quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.75 earnings per share. Sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS 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 given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is 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.

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