SG Americas Securities LLC Sells 5,415 Shares of ONE Gas, Inc. (NYSE:OGS)

SG Americas Securities LLC trimmed its position in shares of ONE Gas, Inc. (NYSE:OGSGet Rating) by 48.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,656 shares of the utilities provider’s stock after selling 5,415 shares during the period. SG Americas Securities LLC’s holdings in ONE Gas were worth $499,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio raised its holdings in ONE Gas by 50.0% during the 4th quarter. Strs Ohio now owns 3,000 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in ONE Gas in the 4th quarter valued at approximately $7,312,000. State of New Jersey Common Pension Fund D grew its stake in ONE Gas by 13.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 41,334 shares of the utilities provider’s stock valued at $3,207,000 after buying an additional 4,802 shares in the last quarter. Yousif Capital Management LLC bought a new position in ONE Gas in the 4th quarter valued at $2,145,000. Finally, CWM LLC bought a new position in ONE Gas in the 4th quarter valued at $73,000. 81.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OGS. Morgan Stanley lifted their price objective on shares of ONE Gas from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, July 21st. Mizuho dropped their price target on ONE Gas from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average price target of $85.00.

ONE Gas Trading Down 1.5 %

NYSE:OGS opened at $80.92 on Friday. ONE Gas, Inc. has a 12 month low of $62.52 and a 12 month high of $92.26. The firm has a fifty day simple moving average of $82.11 and a 200-day simple moving average of $83.13. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $4.38 billion, a P/E ratio of 20.64, a PEG ratio of 4.09 and a beta of 0.53.

ONE Gas (NYSE:OGSGet Rating) last released its quarterly earnings data on Monday, August 1st. The utilities provider reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $428.98 million during the quarter, compared to analysts’ expectations of $328.48 million. ONE Gas had a net margin of 9.34% and a return on equity of 8.85%. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 earnings per share. On average, equities research analysts anticipate that ONE Gas, Inc. will post 4.05 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.06%. ONE Gas’s payout ratio is presently 63.27%.

ONE Gas Profile

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ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.

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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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