Sprinkle Financial Consultants LLC Sells 23,154 Shares of ONE Gas, Inc. (NYSE:OGS)

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

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

ONE Gas Stock Down 0.1%

Shares of OGS traded down $0.09 during mid-day trading on Thursday, reaching $71.70. The company's stock had a trading volume of 583,920 shares, compared to its average volume of 470,107. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. ONE Gas, Inc. has a 12-month low of $59.80 and a 12-month high of $82.25. The stock has a market cap of $4.30 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 3.02 and a beta of 0.82. The company's 50 day moving average is $75.63 and its 200 day moving average is $73.20.

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 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 firm had revenue of $935.19 million during the quarter, compared to analysts' expectations of $882.31 million. During the same quarter in the prior year, the business earned $1.75 EPS. ONE Gas's quarterly revenue was up 23.3% compared to the same quarter last year. Equities analysts anticipate 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. Investors of record on Monday, May 19th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's payout ratio is currently 64.73%.

Analyst Upgrades and Downgrades

OGS has been the topic of several recent research reports. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Guggenheim raised their target price 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 lifted their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Finally, Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.64.

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.