Macquarie Group Ltd. lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS – Get Rating) by 18.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,453 shares of the utilities provider’s stock after selling 5,150 shares during the quarter. Macquarie Group Ltd.’s holdings in ONE Gas were worth $1,878,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Mackenzie Financial Corp increased its holdings in shares of ONE Gas by 4.5% during the first quarter. Mackenzie Financial Corp now owns 2,994 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 128 shares in the last quarter. Jennison Associates LLC boosted its position in ONE Gas by 0.7% in the third quarter. Jennison Associates LLC now owns 20,855 shares of the utilities provider’s stock valued at $1,468,000 after buying an additional 150 shares during the last quarter. D.A. Davidson & CO. boosted its position in ONE Gas by 2.1% in the third quarter. D.A. Davidson & CO. now owns 7,424 shares of the utilities provider’s stock valued at $523,000 after buying an additional 150 shares during the last quarter. Quadrant Capital Group LLC boosted its position in ONE Gas by 85.0% in the second quarter. Quadrant Capital Group LLC now owns 346 shares of the utilities provider’s stock valued at $28,000 after buying an additional 159 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in ONE Gas by 1.1% in the third quarter. Arizona State Retirement System now owns 14,699 shares of the utilities provider’s stock valued at $1,035,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 83.34% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on OGS shares. Bank of America lowered ONE Gas from a “buy” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $79.00 in a research report on Friday, December 16th. Stifel Nicolaus lowered ONE Gas from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research report on Wednesday, January 11th. Guggenheim upgraded ONE Gas from a “sell” rating to a “neutral” rating and upped their target price for the company from $64.00 to $77.00 in a research report on Monday, January 23rd. Mizuho upped their price objective on ONE Gas from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 28th. Finally, Wells Fargo & Company upped their price objective on ONE Gas to $82.00 in a research report on Wednesday, December 14th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus price target of $78.50.
ONE Gas Trading Down 2.1 %
ONE Gas (NYSE:OGS – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The utilities provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The company had revenue of $818.21 million for the quarter, compared to analyst estimates of $670.50 million. ONE Gas had a return on equity of 8.93% and a net margin of 8.60%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. On average, equities research analysts forecast that ONE Gas, Inc. will post 4.13 earnings per share for the current fiscal year.
ONE Gas Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.50%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.62. ONE Gas’s dividend payout ratio (DPR) is presently 63.57%.
ONE Gas Company Profile
ONE Gas, Inc engages in the provision of natural gas distribution services. It offers natural gas to residential, commercial, industrial, and transportation customers. The firm operates through three divisions: oklahoma natural gas, kansas gas service and texas gas service The company was founded in 1906 and is headquartered in Tulsa, OK.
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