Virginia Retirement Systems ET AL cut its stake in ONE Gas Inc (NYSE:OGS) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,900 shares of the utilities provider’s stock after selling 4,500 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.24% of ONE Gas worth $9,198,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Heritage Trust Co lifted its stake in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 last quarter. D.A. Davidson & CO. lifted its stake in 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 last quarter. Janney Montgomery Scott LLC purchased a new stake in ONE Gas during the second quarter worth approximately $200,000. Finally, World Asset Management Inc lifted its stake in ONE Gas by 3.9% during the second quarter. World Asset Management Inc now owns 3,332 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 126 shares during the last quarter. 72.78% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Wednesday, November 8th. BidaskClub raised ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. UBS lowered ONE Gas from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $71.00 to $72.00 in a research report on Monday, October 2nd. Finally, Jefferies Group reaffirmed a “sell” rating and set a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $70.60.
ONE Gas Inc (NYSE:OGS) traded up $0.03 on Friday, reaching $77.50. The company’s stock had a trading volume of 145,893 shares, compared to its average volume of 167,549. The firm has a market capitalization of $4,050.00, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 4.10 and a beta of 0.08. ONE Gas Inc has a 52 week low of $61.42 and a 52 week high of $79.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The company had revenue of $247.14 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.24 earnings per share. sell-side analysts predict that ONE Gas Inc will post 3.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, November 10th. ONE Gas’s payout ratio is currently 56.38%.
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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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