Silvercrest Asset Management Group LLC Reduces Position in ONE Gas, Inc. (NYSE:OGS)

Silvercrest Asset Management Group LLC decreased its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,204 shares of the utilities provider's stock after selling 33,501 shares during the quarter. Silvercrest Asset Management Group LLC owned about 1.32% of ONE Gas worth $51,744,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OGS. Barclays PLC boosted its position in shares of ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after purchasing an additional 54,237 shares in the last quarter. Hennessy Advisors Inc. lifted its position in ONE Gas by 2.8% during the 4th quarter. Hennessy Advisors Inc. now owns 87,775 shares of the utilities provider's stock worth $6,078,000 after acquiring an additional 2,400 shares during the period. UMB Bank n.a. lifted its position in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after acquiring an additional 362 shares during the period. Sound Income Strategies LLC acquired a new stake in ONE Gas during the 4th quarter worth about $51,000. Finally, Exchange Traded Concepts LLC lifted its position in ONE Gas by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 119,397 shares of the utilities provider's stock worth $8,268,000 after acquiring an additional 904 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of ONE Gas stock traded up $0.39 on Monday, hitting $75.68. The company's stock had a trading volume of 513,420 shares, compared to its average volume of 446,431. 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, Inc. has a 1 year low of $58.31 and a 1 year high of $82.25. The firm has a fifty day moving average price of $75.66 and a 200-day moving average price of $73.41. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share 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 analyst estimates of $882.31 million. During the same quarter in the previous year, the business earned $1.75 EPS. ONE Gas's revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

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 paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 annualized dividend and a yield of 3.54%. ONE Gas's dividend payout ratio (DPR) is currently 64.73%.

Analysts Set New Price Targets

A number of brokerages have commented on OGS. Guggenheim lifted their price target on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Friday, May 9th. Wells Fargo & Company lifted 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. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $84.00 in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.