ONE Gas, Inc. (NYSE:OGS) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in ONE Gas, Inc. (NYSE:OGS) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 65,575 shares of the utilities provider’s stock after selling 3,005 shares during the period. The Manufacturers Life Insurance Company’s holdings in ONE Gas were worth $4,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of ONE Gas by 6.3% in the second 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 during the last quarter. Victory Capital Management Inc. raised its stake in ONE Gas by 0.7% during the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after purchasing an additional 10,189 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after purchasing an additional 98,489 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ONE Gas by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after buying an additional 61,192 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of ONE Gas by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 792,440 shares of the utilities provider’s stock valued at $50,597,000 after buying an additional 20,065 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley lifted their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research note on Friday. Stifel Nicolaus increased their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company decreased their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.92.

ONE Gas Stock Performance

ONE Gas stock opened at $72.65 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The stock’s 50 day moving average price is $74.09 and its 200 day moving average price is $69.00. The firm has a market capitalization of $4.12 billion, a PE ratio of 18.92 and a beta of 0.70.

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

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s payout ratio is 68.75%.

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.