Sprinkle Financial Consultants LLC Lowers Holdings in ONE Gas, Inc. (NYSE:OGS)

Sprinkle Financial Consultants LLC decreased its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 51,176 shares of the utilities provider's stock after selling 23,154 shares during the quarter. ONE Gas accounts for approximately 2.5% of Sprinkle Financial Consultants LLC's holdings, making the stock its 10th biggest holding. Sprinkle Financial Consultants LLC owned approximately 0.09% of ONE Gas worth $3,868,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Arizona State Retirement System raised its holdings in ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after buying an additional 152 shares during the period. Ameriprise Financial Inc. raised its holdings in ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after buying an additional 154 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of ONE Gas by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock worth $1,497,000 after acquiring an additional 187 shares in the last quarter. LPL Financial LLC grew its stake in shares of ONE Gas by 0.8% during the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock worth $1,994,000 after acquiring an additional 220 shares in the last quarter. Finally, Albert D Mason Inc. grew its stake in shares of ONE Gas by 1.1% during the 1st quarter. Albert D Mason Inc. now owns 22,744 shares of the utilities provider's stock worth $1,719,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Down 2.0%

OGS opened at $72.46 on Monday. ONE Gas, Inc. has a fifty-two week low of $59.80 and a fifty-two week high of $82.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The company has a market capitalization of $4.34 billion, a P/E ratio of 18.53, a P/E/G ratio of 3.64 and a beta of 0.82. The stock has a fifty day moving average of $75.68 and a 200-day moving average of $73.26.

ONE Gas (NYSE:OGS - Get Free Report) last posted 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. The company had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The company's revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. On average, equities analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

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 3.70%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio is presently 64.73%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Guggenheim raised their price target 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. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price target for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Morgan Stanley decreased their price target on shares of ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.36.

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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