Rhumbline Advisers Has $14.43 Million Position in ONE Gas, Inc. (NYSE:OGS)

Rhumbline Advisers raised its position in ONE Gas, Inc. (NYSE:OGS) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,298 shares of the utilities provider’s stock after acquiring an additional 3,828 shares during the quarter. Rhumbline Advisers’ holdings in ONE Gas were worth $14,425,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in ONE Gas by 8.9% in the fourth quarter. Van ECK Associates Corp now owns 16,865 shares of the utilities provider’s stock valued at $1,168,000 after acquiring an additional 1,383 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of ONE Gas during the 4th quarter worth about $369,000. Strategic Financial Concepts LLC acquired a new stake in shares of ONE Gas during the 4th quarter worth about $1,333,000. Boston Trust Walden Corp lifted its stake in shares of ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock worth $73,302,000 after buying an additional 9,302 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of ONE Gas during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

NYSE:OGS opened at $73.08 on Friday. 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 52 week low of $57.74 and a 52 week high of $78.89. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 3.64 and a beta of 0.72. The firm’s 50-day simple moving average is $70.19 and its 200 day simple moving average is $71.51.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. As a group, sell-side analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.67 dividend. 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 3.67%. The ex-dividend date is Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is currently 67.52%.

Analyst Ratings Changes

OGS has been the subject of a number of research reports. Jefferies Financial Group cut their target price 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. Stifel Nicolaus raised 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. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company cut their target price 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. Finally, Bank of America began coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and an average 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.