Cwm LLC Sells 194 Shares of ONE Gas, Inc. (NYSE:OGS)

Cwm LLC lessened its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 875 shares of the utilities provider’s stock after selling 194 shares during the quarter. Cwm LLC’s holdings in ONE Gas were worth $56,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of ONE Gas during the fourth quarter valued at about $28,000. DekaBank Deutsche Girozentrale bought a new stake in ONE Gas during the 3rd quarter worth approximately $189,000. CI Investments Inc. increased its position in ONE Gas by 288.0% in the 3rd quarter. CI Investments Inc. now owns 2,879 shares of the utilities provider’s stock valued at $197,000 after acquiring an additional 2,137 shares during the period. Blair William & Co. IL raised its stake in shares of ONE Gas by 8.4% during the third quarter. Blair William & Co. IL now owns 3,080 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 238 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of ONE Gas during the third quarter worth $232,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Down 1.1 %

Shares of NYSE OGS opened at $64.09 on Thursday. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $83.89. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.63 billion, a PE ratio of 15.48, a P/E/G ratio of 3.39 and a beta of 0.65. The company’s fifty day simple moving average is $63.15 and its 200 day simple moving average is $62.01.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The business’s quarterly revenue was down 26.5% on a year-over-year basis. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, May 17th. ONE Gas’s payout ratio is 63.77%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho raised their target price on ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Wells Fargo & Company upped their target price on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target for the company in a report on Tuesday, March 5th. Morgan Stanley upped their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, UBS Group started coverage on shares of ONE Gas in a research note on Friday, April 12th. They set a “sell” rating and a $61.00 target price for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus price target of $64.56.

ONE Gas Company 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.