ONE Gas, Inc. (NYSE:OGS) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 777,559 shares of the utilities provider's stock after purchasing an additional 12,770 shares during the quarter. Northern Trust Corp owned 1.37% of ONE Gas worth $53,846,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tudor Investment Corp ET AL purchased a new position in ONE Gas in the 4th quarter valued at approximately $6,599,000. Aquatic Capital Management LLC acquired a new position in ONE Gas during the 4th quarter worth $1,337,000. Three Seasons Wealth LLC purchased a new stake in ONE Gas during the 4th quarter worth about $475,000. Voya Investment Management LLC raised its position in ONE Gas by 1.1% in the 4th quarter. Voya Investment Management LLC now owns 99,933 shares of the utilities provider's stock valued at $6,920,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new stake in ONE Gas in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Guggenheim increased their target price on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Monday, March 17th. Morgan Stanley set a $74.00 target price on ONE Gas and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of ONE Gas from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and increased their target price for the company from $76.00 to $84.00 in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $76.44.

ONE Gas Stock Performance

Shares of NYSE:OGS traded down $2.67 on Friday, reaching $77.04. The company's stock had a trading volume of 2,829,550 shares, compared to its average volume of 433,686. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $82.25. The stock has a market capitalization of $4.62 billion, a P/E ratio of 19.70, a PEG ratio of 3.64 and a beta of 0.86. The stock's 50-day moving average is $75.61 and its two-hundred day moving average is $73.33. 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 posted its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. During the same period in the prior year, the business earned $1.75 EPS. The firm's revenue was up 23.3% compared to the same quarter last year. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.48%. ONE Gas's payout ratio is currently 64.73%.

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.