ONE Gas, Inc. (NYSE:OGS) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of ONE Gas, Inc. (NYSE:OGSGet Rating) by 36.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,893 shares of the utilities provider’s stock after buying an additional 66,683 shares during the quarter. Principal Financial Group Inc. owned 0.46% of ONE Gas worth $20,126,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. WINTON GROUP Ltd lifted its stake in ONE Gas by 88.4% during the second quarter. WINTON GROUP Ltd now owns 17,763 shares of the utilities provider’s stock valued at $1,442,000 after buying an additional 8,337 shares in the last quarter. Tortoise Index Solutions LLC increased its holdings in shares of ONE Gas by 2.6% in the 2nd quarter. Tortoise Index Solutions LLC now owns 122,163 shares of the utilities provider’s stock valued at $9,918,000 after purchasing an additional 3,039 shares during the period. Pictet Asset Management SA increased its holdings in ONE Gas by 442.2% in the second quarter. Pictet Asset Management SA now owns 20,063 shares of the utilities provider’s stock worth $1,629,000 after buying an additional 16,363 shares during the last quarter. Lazard Asset Management LLC acquired a new position in ONE Gas in the second quarter worth approximately $47,000. Finally, Wealthspire Advisors LLC acquired a new position in ONE Gas in the second quarter worth approximately $548,000. 83.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OGS has been the topic of several analyst reports. Guggenheim lowered their price target on ONE Gas from $86.00 to $70.00 in a report on Monday, October 24th. Mizuho reduced their target price on ONE Gas from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, November 10th. Morgan Stanley lifted their price objective on ONE Gas from $70.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, November 11th. Wells Fargo & Company cut their price objective on ONE Gas from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. Finally, started coverage on ONE Gas in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, ONE Gas has an average rating of “Hold” and a consensus target price of $80.80.

ONE Gas Trading Up 1.1 %

NYSE OGS opened at $85.83 on Tuesday. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 4.17 and a beta of 0.60. The stock’s 50 day moving average price is $76.70 and its two-hundred day moving average price is $80.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.56 and a current ratio of 0.87. ONE Gas, Inc. has a 52 week low of $64.37 and a 52 week high of $92.26.

ONE Gas (NYSE:OGSGet Rating) last posted its quarterly earnings results on Monday, October 31st. The utilities provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $359.36 million for the quarter, compared to analyst estimates of $280.05 million. ONE Gas had a return on equity of 8.88% and a net margin of 9.14%. The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, analysts anticipate that ONE Gas, Inc. will post 4.07 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders 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 dividend yield of 2.89%. ONE Gas’s payout ratio is 62.31%.

Insider Activity

In related news, Director Eduardo A. Rodriguez sold 800 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $76.58, for a total transaction of $61,264.00. Following the completion of the sale, the director now directly owns 10,019 shares in the company, valued at approximately $767,255.02. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.38% of the company’s stock.

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.

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

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