Swiss National Bank lowered its position in ONE Gas, Inc. (NYSE:OGS – Get Rating) by 0.2% in the second quarter, Holdings Channel.com reports. The firm owned 126,413 shares of the utilities provider’s stock after selling 300 shares during the quarter. Swiss National Bank’s holdings in ONE Gas were worth $10,263,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in ONE Gas by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,893,334 shares of the utilities provider’s stock valued at $520,027,000 after buying an additional 68,538 shares in the last quarter. State Street Corp increased its holdings in ONE Gas by 14.8% in the first quarter. State Street Corp now owns 2,011,963 shares of the utilities provider’s stock valued at $177,536,000 after buying an additional 258,905 shares in the last quarter. Victory Capital Management Inc. increased its holdings in ONE Gas by 11.5% in the first quarter. Victory Capital Management Inc. now owns 1,360,580 shares of the utilities provider’s stock valued at $120,012,000 after buying an additional 140,451 shares in the last quarter. Eaton Vance Management increased its holdings in ONE Gas by 10.3% in the first quarter. Eaton Vance Management now owns 961,203 shares of the utilities provider’s stock valued at $84,817,000 after buying an additional 89,588 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in ONE Gas by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 868,003 shares of the utilities provider’s stock valued at $76,591,000 after buying an additional 10,129 shares in the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.
Analyst Upgrades and Downgrades
OGS has been the subject of a number of research analyst reports. Guggenheim dropped their target price on shares of ONE Gas from $86.00 to $70.00 in a report on Monday, October 24th. Mizuho dropped their target price on shares of ONE Gas from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, November 10th. StockNews.com initiated coverage on shares of ONE Gas in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company dropped their price objective on shares of ONE Gas from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Finally, Morgan Stanley raised their price objective on shares of ONE Gas from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and an average price target of $80.80.
Insider Buying and Selling
ONE Gas Trading Up 3.4 %
Shares of OGS opened at $84.87 on Monday. ONE Gas, Inc. has a 1-year low of $64.37 and a 1-year high of $92.26. The firm has a 50 day simple moving average of $76.63 and a 200-day simple moving average of $80.47. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 4.17 and a beta of 0.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.56.
ONE Gas (NYSE:OGS – Get Rating) last announced its earnings results on Monday, October 31st. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. ONE Gas had a net margin of 9.14% and a return on equity of 8.88%. The firm had revenue of $359.36 million for the quarter, compared to analyst estimates of $280.05 million. During the same quarter last year, the business earned $0.38 earnings per share. ONE Gas’s revenue was up 31.2% compared to the same quarter last year. Equities analysts forecast that ONE Gas, Inc. will post 4.07 EPS for the current fiscal year.
ONE Gas Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date is Monday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.92%. ONE Gas’s dividend payout ratio (DPR) is currently 62.31%.
ONE Gas Company Profile
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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