Macquarie Group Ltd. lowered its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,700 shares of the utilities provider’s stock after selling 4,000 shares during the quarter. Macquarie Group Ltd.’s holdings in ONE Gas were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its holdings in ONE Gas by 64.2% in the 2nd quarter. Federated Investors Inc. PA now owns 116,754 shares of the utilities provider’s stock worth $8,151,000 after acquiring an additional 45,664 shares in the last quarter. Flinton Capital Management LLC increased its holdings in ONE Gas by 75.9% in the 2nd quarter. Flinton Capital Management LLC now owns 4,726 shares of the utilities provider’s stock worth $330,000 after acquiring an additional 2,040 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in ONE Gas by 19.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 33,367 shares of the utilities provider’s stock worth $2,256,000 after purchasing an additional 5,340 shares during the period. Vanguard Group Inc. boosted its stake in ONE Gas by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,072,922 shares of the utilities provider’s stock worth $342,929,000 after purchasing an additional 103,662 shares during the period. Finally, California Public Employees Retirement System boosted its stake in ONE Gas by 15.2% in the 2nd quarter. California Public Employees Retirement System now owns 113,200 shares of the utilities provider’s stock worth $7,902,000 after purchasing an additional 14,900 shares during the period. 73.37% of the stock is owned by institutional investors.
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Several research analysts have weighed in on the company. BidaskClub upgraded ONE Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their price target on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research note on Thursday, August 10th. UBS AG downgraded ONE Gas from a “neutral” rating to a “sell” rating and upped their price target for the stock from $71.00 to $72.00 in a research note on Monday, October 2nd. Jefferies Group LLC restated a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research note on Sunday, September 10th. Finally, Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $68.83.
ONE Gas, Inc. (OGS) traded down $0.85 during midday trading on Friday, hitting $75.90. The stock had a trading volume of 179,800 shares, compared to its average volume of 190,728. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. The company has a market cap of $3,920.00, a P/E ratio of 25.67, a P/E/G ratio of 4.08 and a beta of 0.07. ONE Gas, Inc. has a 52-week low of $56.89 and a 52-week high of $78.26.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same period in the prior year, the company earned $0.24 EPS. equities analysts expect that ONE Gas, Inc. will post 3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. ONE Gas’s dividend payout ratio is currently 56.38%.
ONE Gas 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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