Sei Investments Co. lessened its position in ONE Gas, Inc. (NYSE:OGS) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,734 shares of the utilities provider’s stock after selling 18,511 shares during the quarter. Sei Investments Co. owned about 0.41% of ONE Gas worth $15,739,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heritage Trust Co lifted its position in shares of ONE Gas by 41.4% in the second quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 680 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ONE Gas by 6.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 139 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of ONE Gas by 1,953.3% in the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 2,383 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of ONE Gas in the second quarter valued at approximately $200,000. Finally, World Asset Management Inc increased its holdings in shares of ONE Gas by 3.9% in the second quarter. World Asset Management Inc now owns 3,332 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.
Shares of ONE Gas, Inc. (OGS) opened at $76.85 on Thursday. ONE Gas, Inc. has a fifty-two week low of $58.32 and a fifty-two week high of $78.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.73. The company has a market capitalization of $4,064.29, a P/E ratio of 26.00, a P/E/G ratio of 4.13 and a beta of 0.11.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The company had revenue of $247.14 million during the quarter, compared to analysts’ expectations of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same quarter last year, the firm earned $0.24 earnings per share. research analysts forecast that ONE Gas, Inc. will post 3 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.68 annualized dividend and a yield of 2.19%. ONE Gas’s dividend payout ratio (DPR) is 56.19%.
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Several equities research analysts recently commented on OGS shares. Jefferies Group LLC reaffirmed a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a report on Sunday, September 10th. UBS AG cut ONE Gas from a “neutral” rating to a “sell” rating and increased their price target for the company from $71.00 to $72.00 in a report on Monday, October 2nd. BidaskClub raised ONE Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Morgan Stanley increased their price target on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $68.83.
ONE Gas Company Profile
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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