Silvercrest Asset Management Group LLC Sells 33,501 Shares of ONE Gas, Inc. (NYSE:OGS)

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

Several other institutional investors have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings 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 purchasing an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of ONE Gas during the fourth quarter worth about $26,000. Crews Bank & Trust bought a new position in shares of ONE Gas during the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ONE Gas during the fourth quarter worth about $50,000. Finally, Sound Income Strategies LLC acquired a new stake in ONE Gas in the 4th quarter valued at approximately $51,000. 88.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

OGS has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and upped their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Morgan Stanley set a $74.00 price target on ONE Gas and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Guggenheim lifted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ONE Gas presently has an average rating of "Hold" and a consensus target price of $76.44.

ONE Gas Trading Down 1.4%

Shares of OGS stock traded down $1.08 during mid-day trading on Wednesday, reaching $75.05. 215,488 shares of the stock traded hands, compared to its average volume of 447,796. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The stock's fifty day simple moving average is $75.73 and its two-hundred day simple moving average is $73.43. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $882.31 million. During the same period last year, the company earned $1.75 EPS. The firm's revenue was up 23.3% compared to the same quarter last year. On average, 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 announced 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 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas's dividend payout ratio is currently 64.73%.

About ONE Gas

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.