Royal Bank of Canada decreased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 12.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,840 shares of the utilities provider’s stock after selling 5,337 shares during the quarter. Royal Bank of Canada owned 0.07% of ONE Gas worth $2,641,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. acquired a new stake in shares of ONE Gas during the second quarter worth about $158,000. Heritage Trust Co lifted its holdings in shares of ONE Gas by 41.4% during the second quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ONE Gas by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 139 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of ONE Gas by 1,953.3% during the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock worth $174,000 after purchasing an additional 2,383 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of ONE Gas during the second quarter worth about $200,000. 73.37% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts recently commented on the company. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Wednesday. UBS AG downgraded ONE Gas from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Jefferies Group LLC reiterated a “sell” rating and set a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Morgan Stanley lifted their price target on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. ONE Gas presently has an average rating of “Hold” and a consensus price target of $68.83.
Shares of ONE Gas, Inc. (OGS) traded down $0.85 during mid-day trading on Friday, reaching $75.90. The company had a trading volume of 179,800 shares, compared to its average volume of 190,728. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14. The stock has a market capitalization of $3,920.00, a PE 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 announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, beating 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 period last year, the business earned $0.24 earnings per share. research analysts anticipate that ONE Gas, Inc. will post 3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, November 10th. ONE Gas’s dividend payout ratio (DPR) is presently 56.38%.
About ONE Gas
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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