Victory Capital Management Inc. Sells 382,773 Shares of ONE Gas, Inc. (NYSE:OGS)

Victory Capital Management Inc. lowered its position in ONE Gas, Inc. (NYSE:OGS) by 26.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,087,445 shares of the utilities provider’s stock after selling 382,773 shares during the quarter. Victory Capital Management Inc. owned about 1.92% of ONE Gas worth $80,928,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OGS. Energy Income Partners LLC increased its holdings in shares of ONE Gas by 52.9% in the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after purchasing an additional 366,363 shares during the period. American Century Companies Inc. increased its holdings 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 purchasing an additional 272,923 shares during the period. Zimmer Partners LP bought a new position in shares of ONE Gas in the first quarter worth $16,939,000. International Assets Investment Management LLC increased its holdings in shares of ONE Gas by 9,036.9% in the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after purchasing an additional 200,168 shares during the period. Finally, Earnest Partners LLC bought a new position in shares of ONE Gas in the second quarter worth $12,594,000. Institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley increased their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Wells Fargo & Company reduced their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, ONE Gas currently has an average rating of “Hold” and an average price target of $68.10.

ONE Gas Stock Down 0.3 %

Shares of NYSE:OGS opened at $75.09 on Thursday. The stock’s 50-day moving average price is $72.76 and its 200-day moving average price is $67.63. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $76.34. The stock has a market capitalization of $4.25 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 3.88 and a beta of 0.67. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) 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 company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.52%. ONE Gas’s dividend payout ratio (DPR) is currently 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.