US Bancorp DE Buys 406 Shares of ONE Gas, Inc. (NYSE:OGS)

US Bancorp DE increased its stake in ONE Gas, Inc. (NYSE:OGS – Get Rating) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,635 shares of the utilities provider’s stock after purchasing an additional 406 shares during the quarter. US Bancorp DE’s holdings in ONE Gas were worth $537,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in ONE Gas by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 10,852 shares of the utilities provider’s stock worth $764,000 after acquiring an additional 628 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of ONE Gas by 6.1% during the third quarter. Miller Howard Investments Inc. NY now owns 10,767 shares of the utilities provider’s stock worth $758,000 after purchasing an additional 621 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in ONE Gas in the third quarter worth approximately $39,000. Versor Investments LP boosted its stake in ONE Gas by 36.4% in the third quarter. Versor Investments LP now owns 14,208 shares of the utilities provider’s stock worth $1,000,000 after buying an additional 3,794 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in ONE Gas by 4.8% in the third quarter. Raymond James & Associates now owns 13,654 shares of the utilities provider’s stock worth $961,000 after buying an additional 622 shares in the last quarter. Institutional investors and hedge funds own 83.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America downgraded ONE Gas from a “buy” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $79.00 in a report on Friday, December 16th. Morgan Stanley reduced their price target on ONE Gas from $76.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 2nd. Stifel Nicolaus cut ONE Gas from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, January 11th. Wells Fargo & Company raised their target price on ONE Gas to $82.00 in a research report on Wednesday, December 14th. Finally, Guggenheim downgraded ONE Gas from a “neutral” rating to a “sell” rating and set a $64.00 price objective on the stock. in a research note on Thursday, December 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $75.83.

Insiders Place Their Bets

In other news, Director Michael G. Hutchinson sold 1,000 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $76.95, for a total transaction of $76,950.00. Following the completion of the transaction, the director now directly owns 13,239 shares in the company, valued at $1,018,741.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.38% of the stock is owned by insiders.

ONE Gas Trading Down 0.1 %

OGS opened at $76.71 on Friday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 3.90 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.99. ONE Gas, Inc. has a 12 month low of $68.86 and a 12 month high of $92.26. The stock has a fifty day moving average price of $78.96 and a 200-day moving average price of $78.82.

ONE Gas (NYSE:OGS – Get Rating) last posted its quarterly earnings results on Monday, October 31st. The utilities provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. ONE Gas had a return on equity of 8.88% and a net margin of 9.14%. The business had revenue of $359.36 million for the quarter, compared to the consensus estimate of $280.05 million. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.07 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were issued a $0.62 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. ONE Gas’s dividend payout ratio is presently 62.31%.

ONE Gas Company 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.