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

SG Americas Securities LLC reduced its position in ONE Gas, Inc. (NYSE:OGS – Get Rating) by 48.9% during the first quarter, HoldingsChannel reports. The firm 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.

A number of other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp raised its holdings in ONE Gas by 48.8% during the fourth quarter. Fifth Third Bancorp now owns 421 shares of the utilities provider’s stock worth $33,000 after buying an additional 138 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of ONE Gas by 3.6% in the 4th quarter. Benjamin Edwards Inc. now owns 4,153 shares of the utilities provider’s stock worth $322,000 after purchasing an additional 143 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of ONE Gas by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the utilities provider’s stock worth $1,249,000 after purchasing an additional 200 shares during the period. Profund Advisors LLC raised its holdings in ONE Gas by 4.2% during the 4th quarter. Profund Advisors LLC now owns 6,076 shares of the utilities provider’s stock valued at $471,000 after acquiring an additional 245 shares during the period. Finally, CWM LLC raised its holdings in ONE Gas by 27.3% during the 1st quarter. CWM LLC now owns 1,199 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds own 81.64% of the company’s stock.

ONE Gas Price Performance

OGS stock opened at $80.92 on Friday. ONE Gas, Inc. has a one year low of $62.52 and a one year high of $92.26. The company’s fifty day moving average price is $82.11 and its 200-day moving average price is $83.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.93 and a current ratio of 0.92. The company has a market capitalization of $4.38 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 4.09 and a beta of 0.53.

ONE Gas (NYSE:OGS – Get Rating) last posted 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 business had revenue of $428.98 million for 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 business’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.05 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.62 dividend. The ex-dividend date 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 63.27%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho reduced their price target on shares of ONE Gas from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Morgan Stanley boosted their target price on ONE Gas from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.00.

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.