ProShare Advisors LLC Buys 1,413 Shares of ONE Gas, Inc. (NYSE:OGS)

ProShare Advisors LLC raised its stake in ONE Gas, Inc. (NYSE:OGS) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 580,495 shares of the utilities provider’s stock after acquiring an additional 1,413 shares during the period. ProShare Advisors LLC’s holdings in ONE Gas were worth $40,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in ONE Gas in the fourth quarter valued at approximately $520,000. Occudo Quantitative Strategies LP bought a new position in ONE Gas in the fourth quarter valued at approximately $599,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ONE Gas by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,067 shares of the utilities provider’s stock valued at $2,221,000 after buying an additional 1,218 shares in the last quarter. Ethic Inc. lifted its stake in ONE Gas by 27.7% in the fourth quarter. Ethic Inc. now owns 17,445 shares of the utilities provider’s stock valued at $1,208,000 after buying an additional 3,788 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of ONE Gas by 60.7% in the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider’s stock worth $56,914,000 after purchasing an additional 310,460 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

OGS has been the topic of a number of research reports. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley set a $74.00 price objective on shares of ONE Gas and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Guggenheim boosted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a research report on Friday, May 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ONE Gas presently has an average rating of “Hold” and an average target price of $76.44.

ONE Gas Price Performance

Shares of OGS opened at $74.13 on Friday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.64 and a beta of 0.86. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $82.25. The company’s fifty day simple moving average is $75.56 and its 200 day simple moving average is $73.33. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. The business had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 earnings per share. On average, research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.62%. ONE Gas’s payout ratio is 64.73%.

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.