Stifel Financial Corp Sells 677 Shares of ONE Gas, Inc. (NYSE:OGS)

Stifel Financial Corp reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,982 shares of the utilities provider’s stock after selling 677 shares during the quarter. Stifel Financial Corp’s holdings in ONE Gas were worth $899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OGS. Norges Bank bought a new stake in ONE Gas during the 4th quarter valued at $43,344,000. Bank of Montreal Can grew its holdings in ONE Gas by 1,421.7% in the fourth quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider’s stock worth $33,865,000 after purchasing an additional 456,891 shares during the period. JPMorgan Chase & Co. increased its position in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock valued at $59,849,000 after buying an additional 152,028 shares in the last quarter. Barclays PLC increased its holdings in shares of ONE Gas by 105.6% during the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock valued at $7,859,000 after acquiring an additional 54,237 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in ONE Gas by 61.8% in the fourth quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider’s stock worth $9,758,000 after buying an additional 53,800 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on OGS. Wells Fargo & Company boosted their price target on ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday. Guggenheim lifted their price target on shares of ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group raised shares of ONE Gas from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research report on Monday, March 17th. Finally, StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average price target of $76.44.

ONE Gas Trading Down 3.3 %

OGS opened at $77.04 on Friday. The firm has a market cap of $4.62 billion, a P/E ratio of 19.70, a P/E/G ratio of 3.64 and a beta of 0.86. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $75.61 and a 200 day moving average of $73.33. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $82.25.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same period in the prior year, the company posted $1.75 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.67 per share. The ex-dividend date 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 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.