19,252 Shares in ONE Gas, Inc. (NYSE:OGS) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,252 shares of the utilities provider’s stock, valued at approximately $1,333,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after buying an additional 261 shares in the last quarter. CWM LLC increased its stake in ONE Gas by 17.3% in the third quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 248 shares during the last quarter. Inspire Investing LLC increased its stake in ONE Gas by 84.3% in the third quarter. Inspire Investing LLC now owns 10,100 shares of the utilities provider’s stock valued at $752,000 after acquiring an additional 4,620 shares during the last quarter. Exchange Traded Concepts LLC raised its position in ONE Gas by 2.7% during the third quarter. Exchange Traded Concepts LLC now owns 118,493 shares of the utilities provider’s stock valued at $8,818,000 after purchasing an additional 3,091 shares in the last quarter. Finally, Creative Planning lifted its stake in ONE Gas by 3.5% during the third quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock worth $2,248,000 after purchasing an additional 1,021 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of OGS opened at $70.11 on Tuesday. The firm has a market cap of $3.97 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 3.58 and a beta of 0.72. ONE Gas, Inc. has a 52-week low of $57.74 and a 52-week high of $78.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The business’s 50 day moving average price is $70.43 and its two-hundred day moving average price is $71.33.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 3.82%. ONE Gas’s dividend payout ratio is currently 69.79%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Stifel Nicolaus boosted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group dropped their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Bank of America assumed coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. Finally, LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, ONE Gas currently has an average rating of “Hold” and a consensus target price of $72.31.

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.