ONE Gas, Inc. (NYSE:OGS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in ONE Gas, Inc. (NYSE:OGS) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525,541 shares of the utilities provider’s stock after selling 127,490 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.93% of ONE Gas worth $36,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in ONE Gas by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 718,537 shares of the utilities provider’s stock worth $49,759,000 after purchasing an additional 16,604 shares during the period. Norges Bank purchased a new stake in ONE Gas in the fourth quarter valued at $43,344,000. JPMorgan Chase & Co. lifted its stake in ONE Gas by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock worth $59,849,000 after purchasing an additional 152,028 shares in the last quarter. WINTON GROUP Ltd raised its position in ONE Gas by 2.0% in the 4th quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider’s stock valued at $1,064,000 after purchasing an additional 304 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of ONE Gas by 0.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 100,448 shares of the utilities provider’s stock valued at $6,956,000 after purchasing an additional 488 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on OGS shares. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. 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. Morgan Stanley increased their price target on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a report on Monday, March 17th. Finally, Bank of America began coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, ONE Gas has an average rating of “Hold” and a consensus price target of $72.44.

ONE Gas Trading Down 3.5 %

Shares of ONE Gas stock opened at $73.66 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. The company has a market capitalization of $4.41 billion, a P/E ratio of 18.84, a PEG ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $78.89. The company’s fifty day moving average is $73.07 and its two-hundred day moving average is $72.67.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.67 dividend. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.68 annualized dividend and a yield of 3.64%. ONE Gas’s dividend payout ratio is presently 68.54%.

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.