Pacer Advisors Inc. Sells 4,756 Shares of ONE Gas, Inc. (NYSE:OGS)

Pacer Advisors Inc. trimmed its stake in ONE Gas, Inc. (NYSE:OGS) by 36.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,444 shares of the utilities provider’s stock after selling 4,756 shares during the period. Pacer Advisors Inc.’s holdings in ONE Gas were worth $585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Crossmark Global Holdings Inc. raised its holdings in shares of ONE Gas by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after buying an additional 159 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 210 shares during the period. CWM LLC boosted its position in ONE Gas by 17.3% during the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC boosted its position in ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 261 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its position 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 acquiring an additional 266 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Trading Up 0.3 %

OGS opened at $70.82 on Tuesday. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The stock has a market capitalization of $4.01 billion, a PE ratio of 18.44, a P/E/G ratio of 3.55 and a beta of 0.72. The business’s 50 day moving average price is $71.13 and its 200 day moving average price is $71.25. 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 (NYSE:OGS) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that ONE Gas, Inc. will post 3.89 EPS for the current year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.78%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas’s dividend payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OGS. Bank of America began coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Jefferies Financial Group lowered their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Finally, Wells Fargo & Company lowered their price target 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. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.31.

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.