Mercer Global Advisors Inc. ADV Raises Position in ONE Gas, Inc. (NYSE:OGS)

Mercer Global Advisors Inc. ADV boosted its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 154.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,102 shares of the utilities provider's stock after purchasing an additional 4,308 shares during the period. Mercer Global Advisors Inc. ADV's holdings in ONE Gas were worth $492,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OGS. Norges Bank bought a new position in shares of ONE Gas during the fourth quarter worth approximately $43,344,000. Bank of Montreal Can increased its stake in ONE Gas by 1,421.7% during the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock worth $33,865,000 after acquiring an additional 456,891 shares during the period. JPMorgan Chase & Co. increased its stake in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after acquiring an additional 152,028 shares during the period. Tudor Investment Corp ET AL bought a new position in ONE Gas during the 4th quarter worth $6,599,000. Finally, Barclays PLC increased its stake in ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after acquiring an additional 54,237 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

OGS traded up $0.99 during trading on Friday, reaching $75.14. The stock had a trading volume of 563,533 shares, compared to its average volume of 446,162. The business has a 50-day moving average of $75.60 and a 200-day moving average of $73.37. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $82.25. The stock has a market cap of $4.50 billion, a PE ratio of 19.22, a PEG ratio of 3.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. During the same period last year, the business posted $1.75 earnings per share. ONE Gas's quarterly revenue was up 23.3% compared to the same quarter last year. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.

Analysts Set New Price Targets

OGS has been the topic of several recent research reports. Guggenheim lifted their target price on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Wells Fargo & Company upped their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley set a $74.00 price target on shares of ONE Gas and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $76.44.

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.