Wealthspire Advisors LLC Sells 934 Shares of ONE Gas, Inc. (NYSE:OGS)

Wealthspire Advisors LLC cut its position in ONE Gas, Inc. (NYSE:OGS) by 13.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,816 shares of the utilities provider’s stock after selling 934 shares during the period. Wealthspire Advisors LLC’s holdings in ONE Gas were worth $403,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OGS. International Assets Investment Management LLC raised its position in shares of ONE Gas by 9,036.9% during the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after acquiring an additional 200,168 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of ONE Gas during the third quarter worth about $260,000. State of Alaska Department of Revenue raised its position in shares of ONE Gas by 7.4% during the third quarter. State of Alaska Department of Revenue now owns 6,438 shares of the utilities provider’s stock worth $479,000 after acquiring an additional 445 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of ONE Gas by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 23,876 shares of the utilities provider’s stock worth $1,777,000 after acquiring an additional 1,121 shares during the last quarter. Finally, abrdn plc raised its position in shares of ONE Gas by 3.0% during the third quarter. abrdn plc now owns 327,405 shares of the utilities provider’s stock worth $24,365,000 after acquiring an additional 9,487 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Bank of America began coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. Wells Fargo & Company decreased their target price on 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, Jefferies Financial Group decreased their target price 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.31.

ONE Gas Stock Up 0.2 %

OGS stock opened at $74.82 on Thursday. ONE Gas, Inc. has a twelve month low of $58.31 and a twelve month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $70.36 and its 200-day moving average is $71.64. The firm has a market capitalization of $4.48 billion, a PE ratio of 19.14, a P/E/G ratio of 3.64 and a beta of 0.72.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The business had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Sell-side analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, February 21st. 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.