Schroder Investment Management Group Sells 222,739 Shares of ONE Gas, Inc. (NYSE:OGS)

Schroder Investment Management Group reduced its holdings in shares of ONE Gas, Inc. (NYSE:OGSFree Report) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 547,994 shares of the utilities provider’s stock after selling 222,739 shares during the quarter. Schroder Investment Management Group owned 0.99% of ONE Gas worth $34,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OGS. New York State Common Retirement Fund lifted its holdings in shares of ONE Gas by 5.5% during the third quarter. New York State Common Retirement Fund now owns 33,856 shares of the utilities provider’s stock valued at $2,312,000 after purchasing an additional 1,754 shares in the last quarter. Quantbot Technologies LP bought a new position in ONE Gas in the third quarter valued at about $232,000. Swiss National Bank lifted its holdings in ONE Gas by 1.0% in the third quarter. Swiss National Bank now owns 121,713 shares of the utilities provider’s stock valued at $8,311,000 after acquiring an additional 1,200 shares during the period. HighTower Advisors LLC lifted its holdings in ONE Gas by 5.4% in the third quarter. HighTower Advisors LLC now owns 15,005 shares of the utilities provider’s stock valued at $1,023,000 after acquiring an additional 763 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in ONE Gas by 5.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 21,377 shares of the utilities provider’s stock valued at $1,460,000 after acquiring an additional 1,191 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

NYSE:OGS opened at $60.43 on Monday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 3.14 and a beta of 0.65. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $83.31. The business has a 50 day simple moving average of $63.11 and a 200-day simple moving average of $62.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39.

ONE Gas (NYSE:OGSGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The business had revenue of $758.32 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $1.84 earnings per share. ONE Gas’s revenue was down 26.5% on a year-over-year basis. Equities analysts forecast that ONE Gas, Inc. will post 3.85 EPS for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Friday, May 17th. ONE Gas’s dividend payout ratio (DPR) is presently 65.19%.

Analyst Ratings Changes

OGS has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Mizuho upped their price target on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target for the company in a research report on Tuesday, March 5th. Morgan Stanley increased their target price on ONE Gas from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average target price of $65.06.

View Our Latest Stock Report on OGS

ONE Gas Profile

(Free Report)

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.

Further Reading

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

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