Clearbridge Investments LLC Has $12.59 Million Holdings in ONE Gas, Inc. (NYSE:OGS)

Clearbridge Investments LLC boosted its holdings in ONE Gas, Inc. (NYSE:OGS) by 37.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,579 shares of the utilities provider’s stock after purchasing an additional 54,107 shares during the period. Clearbridge Investments LLC owned about 0.36% of ONE Gas worth $12,590,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in ONE Gas during the fourth quarter valued at $30,395,000. Jupiter Asset Management Ltd. lifted its holdings in shares of ONE Gas by 1,312.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 243,486 shares of the utilities provider’s stock valued at $16,625,000 after purchasing an additional 226,246 shares during the last quarter. Barclays PLC increased its position in shares of ONE Gas by 162.5% in the 3rd quarter. Barclays PLC now owns 330,631 shares of the utilities provider’s stock valued at $22,575,000 after acquiring an additional 204,655 shares during the period. Victory Capital Management Inc. increased its stake in shares of ONE Gas by 11.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,451,343 shares of the utilities provider’s stock valued at $99,098,000 after purchasing an additional 146,110 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in ONE Gas in the 4th quarter worth about $8,825,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Down 0.4 %

ONE Gas stock traded down $0.25 during midday trading on Friday, reaching $60.12. The stock had a trading volume of 279,476 shares, compared to its average volume of 335,864. The firm’s fifty day simple moving average is $63.55 and its two-hundred day simple moving average is $62.09. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.14 and a beta of 0.65. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $83.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The company had revenue of $758.32 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. ONE Gas’s revenue for the quarter was down 26.5% on a year-over-year basis. Equities analysts anticipate that ONE Gas, Inc. will post 3.85 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Friday, May 17th. ONE Gas’s payout ratio is 65.19%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OGS shares. UBS Group began coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Mizuho boosted their target price on shares of ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price for the company in a research note on Tuesday, March 5th. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, Morgan Stanley lifted their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas has an average rating of “Hold” and a consensus price target of $64.56.

ONE Gas Company 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.