Charles Schwab Investment Management Inc. Buys 18,889 Shares of ONE Gas, Inc. (NYSE:OGS)

Charles Schwab Investment Management Inc. raised its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 758,378 shares of the utilities provider’s stock after acquiring an additional 18,889 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ONE Gas were worth $56,438,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC lifted its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC bought a new stake in ONE Gas during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its position in ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares during the last quarter. GAMMA Investing LLC boosted its stake in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of ONE Gas during the third quarter worth $60,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OGS shares. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Price Performance

OGS opened at $77.97 on Friday. The company has a fifty day simple moving average of $74.02 and a 200 day simple moving average of $68.66. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.42 billion, a P/E ratio of 20.30 and a beta of 0.67. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data 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 business had revenue of $340.40 million during 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%. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, research analysts expect that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s dividend payout ratio is presently 68.75%.

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.