Crossmark Global Holdings Inc. Boosts Stock Position in ONE Gas, Inc. (NYSE:OGS)

Crossmark Global Holdings Inc. grew its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,734 shares of the utilities provider’s stock after buying an additional 159 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ONE Gas were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OGS. Energy Income Partners LLC increased its stake in shares of ONE Gas by 52.9% in the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares during the last quarter. American Century Companies Inc. grew its holdings in ONE Gas by 6.3% during the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after acquiring an additional 272,923 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of ONE Gas in the 1st quarter worth about $16,939,000. International Assets Investment Management LLC raised its stake in shares of ONE Gas by 9,036.9% in the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock valued at $15,061,000 after purchasing an additional 200,168 shares in the last quarter. Finally, Earnest Partners LLC acquired a new stake in shares of ONE Gas in the 2nd quarter valued at about $12,594,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, ONE Gas has an average rating of “Hold” and an average price target of $68.10.

ONE Gas Trading Up 1.6 %

NYSE:OGS opened at $75.40 on Monday. The firm has a market capitalization of $4.27 billion, a P/E ratio of 19.64, a P/E/G ratio of 3.89 and a beta of 0.67. The business has a 50 day simple moving average of $72.99 and a 200 day simple moving average of $67.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $76.34.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. Equities research analysts predict that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

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.