Rhumbline Advisers Trims Stock Position in ONE Gas, Inc. (NYSE:OGS)

Rhumbline Advisers cut its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 204,402 shares of the utilities provider's stock after selling 3,896 shares during the quarter. Rhumbline Advisers owned 0.34% of ONE Gas worth $15,451,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OGS. Vanguard Group Inc. increased its stake in shares of ONE Gas by 0.7% in the fourth 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 during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of ONE Gas by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock worth $147,152,000 after buying an additional 25,145 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of ONE Gas by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock worth $66,824,000 after buying an additional 15,976 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after buying an additional 152,028 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of ONE Gas by 60.7% in the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after buying an additional 310,460 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Down 0.8%

ONE Gas stock traded down $0.60 during mid-day trading on Wednesday, reaching $73.95. The stock had a trading volume of 365,943 shares, compared to its average volume of 467,299. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 3.64 and a beta of 0.82. The company has a 50-day moving average price of $75.63 and a two-hundred day moving average price of $73.38. ONE Gas, Inc. has a one year low of $59.80 and a one year high of $82.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the previous year, the firm earned $1.75 EPS. ONE Gas's revenue was up 23.3% on a year-over-year basis. On average, analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced 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 3.62%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is 64.73%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OGS shares. Wells Fargo & Company lifted their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley cut their price target on shares of ONE Gas from $74.00 to $69.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Guggenheim lifted their price target on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, ONE Gas presently has an average rating of "Hold" and a consensus target price of $77.36.

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.