Entropy Technologies LP Decreases Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Entropy Technologies LP decreased its position in ONE Gas, Inc. (NYSE:OGS) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,601 shares of the utilities provider’s stock after selling 609 shares during the quarter. Entropy Technologies LP’s holdings in ONE Gas were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OGS. UMB Bank n.a. grew its holdings in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 362 shares during the period. Transcendent Capital Group LLC lifted its position in ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Crews Bank & Trust bought a new position in ONE Gas during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC lifted its position in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

OGS stock opened at $71.39 on Thursday. ONE Gas, Inc. has a 52 week low of $57.74 and a 52 week high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $70.19 and a two-hundred day simple moving average of $71.33. The firm has a market capitalization of $4.04 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 3.58 and a beta of 0.72.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.67 per share. The ex-dividend date is Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.75%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Analysts Set New Price Targets

A number of analysts have commented on OGS shares. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a report on Friday, December 6th. Wells Fargo & Company reduced their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group reduced their price objective on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Finally, Bank of America initiated coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, ONE Gas has an average rating of “Hold” and a consensus price target of $72.31.

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.