Principal Financial Group Inc. Has $10.95 Million Stock Holdings in ONE Gas, Inc. $OGS

Principal Financial Group Inc. decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 25.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,219 shares of the utilities provider’s stock after selling 46,813 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of ONE Gas worth $10,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OGS. Capital Advisors Inc. OK boosted its holdings in ONE Gas by 7.1% in the third quarter. Capital Advisors Inc. OK now owns 2,998 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 200 shares in the last quarter. Cadent Capital Advisors LLC lifted its position in shares of ONE Gas by 1.4% in the third quarter. Cadent Capital Advisors LLC now owns 15,150 shares of the utilities provider’s stock worth $1,226,000 after buying an additional 203 shares during the last quarter. Securian Asset Management Inc. boosted its stake in shares of ONE Gas by 6.6% during the 2nd quarter. Securian Asset Management Inc. now owns 4,564 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 281 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ONE Gas by 23.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,813 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 349 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of ONE Gas by 34.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,457 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 377 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

OGS has been the subject of several analyst reports. Mizuho boosted their target price on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Bank of America boosted their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Jefferies Financial Group lifted their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley restated an “underperform” rating and set a $73.00 price target on shares of ONE Gas in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ONE Gas presently has an average rating of “Hold” and an average price target of $85.57.

ONE Gas Stock Performance

NYSE OGS opened at $83.41 on Thursday. The company’s fifty day moving average is $78.50 and its two-hundred day moving average is $78.51. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 2.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. ONE Gas, Inc. has a 52-week low of $68.58 and a 52-week high of $84.11.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a $0.68 dividend. The ex-dividend date is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio is currently 62.47%.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.