Vanguard Personalized Indexing Management LLC Makes New $287,000 Investment in ONE Gas, Inc. (NYSE:OGS)

Vanguard Personalized Indexing Management LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,627 shares of the utilities provider’s stock, valued at approximately $287,000.

A number of other institutional investors also recently bought and sold shares of OGS. Mackenzie Financial Corp increased its position 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 during the last quarter. Thrivent Financial for Lutherans increased its position in shares of ONE Gas by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 14,329 shares of the utilities provider’s stock valued at $1,009,000 after acquiring an additional 138 shares during the last quarter. Captrust Financial Advisors increased its position in shares of ONE Gas by 0.5% during the third quarter. Captrust Financial Advisors now owns 29,561 shares of the utilities provider’s stock valued at $2,081,000 after acquiring an additional 142 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of ONE Gas by 4.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,299 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 153 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in shares of ONE Gas by 4.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,299 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 153 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of ONE Gas from $81.00 to $82.00 and gave the company a “hold” rating in a report on Tuesday, August 15th. Morgan Stanley dropped their price objective on shares of ONE Gas from $73.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, August 23rd. StockNews.com assumed coverage on shares of ONE Gas in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Guggenheim dropped their price objective on shares of ONE Gas from $77.00 to $73.00 in a report on Friday, July 7th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.17.

ONE Gas Stock Down 2.0 %

Shares of ONE Gas stock opened at $72.48 on Friday. ONE Gas, Inc. has a 52-week low of $68.86 and a 52-week high of $89.01. The company has a 50 day moving average of $76.77 and a 200 day moving average of $78.69. 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 company has a market capitalization of $4.02 billion, a P/E ratio of 17.72, a P/E/G ratio of 3.61 and a beta of 0.65.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The company had revenue of $398.11 million for 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 firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. As a group, research analysts forecast that ONE Gas, Inc. will post 4.13 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.60 annualized dividend and a dividend yield of 3.59%. 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.