Sanctuary Advisors LLC Buys Shares of 5,421 ONE Gas, Inc. (NYSE:OGS)

Sanctuary Advisors LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,421 shares of the utilities provider’s stock, valued at approximately $422,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in ONE Gas by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after buying an additional 645,566 shares during the period. Verition Fund Management LLC raised its position in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock valued at $29,980,000 after acquiring an additional 306,974 shares during the period. American Century Companies Inc. boosted its stake 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 during the last quarter. International Assets Investment Management LLC boosted its stake in ONE Gas by 9,036.9% during the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after acquiring an additional 200,168 shares during the last quarter. Finally, Earnest Partners LLC acquired a new position in ONE Gas during the second quarter valued at approximately $12,594,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Price Performance

Shares of OGS opened at $69.94 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. The stock has a market capitalization of $3.96 billion, a P/E ratio of 18.21 and a beta of 0.70. The company has a 50 day moving average of $73.40 and a 200-day moving average of $69.87.

ONE Gas (NYSE:OGS) last released its 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 business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.77%. ONE Gas’s payout ratio is presently 68.75%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Finally, Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and an average target price of $72.69.

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.