Russell Investments Group Ltd. lifted its stake in shares of ONE Gas Inc (NYSE:OGS) by 2.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 112,077 shares of the utilities provider’s stock after acquiring an additional 2,174 shares during the period. Russell Investments Group Ltd. owned approximately 0.21% of ONE Gas worth $8,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OGS. William Blair Investment Management LLC bought a new stake in ONE Gas in the second quarter worth $23,194,000. First Trust Advisors LP lifted its stake in ONE Gas by 612.0% in the second quarter. First Trust Advisors LP now owns 349,710 shares of the utilities provider’s stock worth $24,413,000 after purchasing an additional 300,592 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in ONE Gas by 41.6% in the second quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock worth $48,322,000 after purchasing an additional 203,201 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its stake in ONE Gas by 58.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock worth $39,795,000 after purchasing an additional 199,475 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in ONE Gas by 13.1% in the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock worth $89,998,000 after purchasing an additional 149,153 shares during the last quarter. 72.78% of the stock is owned by institutional investors.

Several analysts have weighed in on OGS shares. Morgan Stanley boosted their price target on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research note on Thursday, August 10th. BidaskClub raised shares of ONE Gas from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Jefferies Group reissued a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research note on Sunday, September 10th. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, UBS downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $71.00 to $72.00 in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.60.

ONE Gas Inc (NYSE:OGS) traded down $0.05 during mid-day trading on Thursday, hitting $77.35. 107,500 shares of the company’s stock were exchanged, compared to its average volume of 189,183. ONE Gas Inc has a 12-month low of $60.75 and a 12-month high of $79.51. The stock has a market capitalization of $4,045.99, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.09 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.73.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The firm had revenue of $247.14 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. research analysts expect that ONE Gas Inc will post 3.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, November 10th. ONE Gas’s payout ratio is 56.19%.

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About ONE Gas

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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