Impax Asset Management Group plc lessened its holdings in shares of ONE Gas Inc (NYSE:OGS) by 27.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,750 shares of the utilities provider’s stock after selling 68,537 shares during the quarter. Impax Asset Management Group plc’s holdings in ONE Gas were worth $14,786,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of ONE Gas in the 4th quarter worth approximately $127,000. Oppenheimer Asset Management Inc. bought a new stake in ONE Gas during the 4th quarter valued at $158,000. Wesbanco Bank Inc. bought a new stake in ONE Gas during the 3rd quarter valued at $215,000. Nachman Norwood & Parrott Inc bought a new stake in ONE Gas during the 4th quarter valued at $233,000. Finally, Two Sigma Securities LLC raised its stake in ONE Gas by 16.4% during the 4th quarter. Two Sigma Securities LLC now owns 2,988 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 75.48% of the company’s stock.
Shares of OGS stock opened at $88.35 on Wednesday. ONE Gas Inc has a 1 year low of $63.45 and a 1 year high of $89.50. The firm has a market cap of $4.69 billion, a PE ratio of 27.18, a PEG ratio of 4.45 and a beta of 0.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 0.78.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). ONE Gas had a net margin of 10.54% and a return on equity of 8.50%. The firm had revenue of $464.47 million for the quarter, compared to analyst estimates of $443.39 million. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that ONE Gas Inc will post 3.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 21st. This is a boost from ONE Gas’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. ONE Gas’s dividend payout ratio (DPR) is 61.54%.
Several equities analysts have recently issued reports on OGS shares. UBS Group set a $78.00 price target on ONE Gas and gave the company a “sell” rating in a research report on Friday, December 14th. Zacks Investment Research reiterated a “hold” rating on shares of ONE Gas in a research report on Monday, December 31st. Finally, Morgan Stanley lowered their price target on ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 12th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $76.67.
In other news, Director Eduardo A. Rodriguez sold 500 shares of ONE Gas stock in a transaction on Monday, March 18th. The stock was sold at an average price of $89.04, for a total transaction of $44,520.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.62% of the stock is currently owned by company insiders.
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About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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