Ardevora Asset Management LLP Decreases Stake in ONE Gas, Inc. (NYSE:OGS)

Ardevora Asset Management LLP decreased its holdings in ONE Gas, Inc. (NYSE:OGS) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 235,577 shares of the utilities provider’s stock after selling 33,525 shares during the quarter. Ardevora Asset Management LLP’s holdings in ONE Gas were worth $18,095,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OGS. Mackenzie Financial Corp boosted its stake in shares of ONE Gas by 4.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,994 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 128 shares in the last quarter. Advisor Partners II LLC boosted its position in ONE Gas by 1.9% during the first quarter. Advisor Partners II LLC now owns 6,963 shares of the utilities provider’s stock worth $552,000 after purchasing an additional 128 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in ONE Gas by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 14,329 shares of the utilities provider’s stock valued at $1,009,000 after purchasing an additional 138 shares during the last quarter. Captrust Financial Advisors increased its position in shares of ONE Gas by 0.5% in the third quarter. Captrust Financial Advisors now owns 29,561 shares of the utilities provider’s stock valued at $2,081,000 after buying an additional 142 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of ONE Gas by 4.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,299 shares of the utilities provider’s stock worth $250,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OGS. Stifel Nicolaus increased their price objective on shares of ONE Gas from $81.00 to $82.00 and gave the company a “hold” rating in a research note on Tuesday, August 15th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Morgan Stanley reduced their target price on shares of ONE Gas from $73.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Finally, Guggenheim reduced their price objective on shares of ONE Gas from $77.00 to $73.00 in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average price target of $78.17.

ONE Gas Trading Up 0.7 %

Shares of OGS opened at $74.56 on Friday. The stock’s fifty day simple moving average is $76.15 and its 200 day simple moving average is $78.19. ONE Gas, Inc. has a twelve month low of $68.86 and a twelve month high of $89.01. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4.13 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 3.59 and a beta of 0.65.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $398.11 million during the quarter, compared to analysts’ expectations of $397.88 million. ONE Gas had a return on equity of 8.75% and a net margin of 8.67%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. On average, equities research analysts forecast that ONE Gas, Inc. will post 4.13 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 16th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $2.60 annualized dividend and a dividend yield of 3.49%. ONE Gas’s payout ratio is 63.57%.

ONE Gas Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.