Atria Investments Inc Has $371,000 Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Atria Investments Inc raised its stake in ONE Gas, Inc. (NYSE:OGS) by 17.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,362 shares of the utilities provider’s stock after purchasing an additional 807 shares during the quarter. Atria Investments Inc’s holdings in ONE Gas were worth $371,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new stake in shares of ONE Gas during the 3rd quarter worth $3,135,000. Pathstone Holdings LLC boosted its holdings in shares of ONE Gas by 113.5% during the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 12,060 shares during the period. Atria Wealth Solutions Inc. bought a new stake in ONE Gas in the 4th quarter valued at $203,000. Teachers Retirement System of The State of Kentucky boosted its holdings in ONE Gas by 234.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after purchasing an additional 42,724 shares during the period. Finally, KBC Group NV boosted its holdings in ONE Gas by 41.0% in the 4th quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 645 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on OGS shares. Jefferies Financial Group reduced their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus raised their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a report on Friday, December 6th. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Bank of America initiated coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. One 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.31.

ONE Gas Trading Up 2.3 %

OGS opened at $74.10 on Monday. 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 market capitalization of $4.44 billion, a PE ratio of 18.95, a PEG ratio of 3.64 and a beta of 0.66. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The firm has a 50-day moving average price of $71.67 and a two-hundred day moving average price of $72.24.

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

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is 68.54%.

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.