Rhumbline Advisers increased its stake in ONE Gas, Inc. (NYSE:OGS – Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,767 shares of the utilities provider’s stock after acquiring an additional 849 shares during the quarter. Rhumbline Advisers owned 0.34% of ONE Gas worth $15,035,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Disciplined Investments LLC increased its stake in shares of ONE Gas by 3,937.5% in the 1st quarter. Disciplined Investments LLC now owns 323 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Tanglewood Legacy Advisors LLC bought a new stake in ONE Gas during the 4th quarter valued at $27,000. Dark Forest Capital Management LP acquired a new position in ONE Gas during the fourth quarter worth $27,000. Lazard Asset Management LLC bought a new position in shares of ONE Gas in the fourth quarter valued at $32,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of ONE Gas during the first quarter valued at about $46,000. Institutional investors own 88.71% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on OGS. Guggenheim lowered their target price on shares of ONE Gas from $77.00 to $73.00 in a report on Friday, July 7th. Stifel Nicolaus increased their price objective on ONE Gas from $81.00 to $82.00 and gave the stock a “hold” rating in a research note on Tuesday, August 15th. StockNews.com assumed coverage on ONE Gas in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Morgan Stanley lowered their price objective on ONE Gas from $73.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.17.
ONE Gas Stock Performance
Shares of ONE Gas stock opened at $72.48 on Friday. The company has a market cap of $4.02 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 3.61 and a beta of 0.65. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $76.77 and a 200-day moving average price of $78.69. ONE Gas, Inc. has a 52 week low of $68.86 and a 52 week high of $89.01.
ONE Gas (NYSE:OGS – Get Free Report) last released its earnings results on Monday, July 31st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). The business had revenue of $398.11 million during the quarter, compared to the consensus estimate of $397.88 million. ONE Gas had a net margin of 8.67% and a return on equity of 8.75%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. Equities analysts anticipate that ONE Gas, Inc. will post 4.13 earnings per share for the current fiscal year.
ONE Gas Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Tuesday, August 15th. ONE Gas’s dividend payout ratio is presently 63.57%.
About ONE Gas
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.
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