TD Asset Management Inc Cuts Stake in ONE Gas, Inc. (NYSE:OGS)

TD Asset Management Inc cut its stake in ONE Gas, Inc. (NYSE:OGSFree Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,158 shares of the utilities provider’s stock after selling 1,600 shares during the quarter. TD Asset Management Inc’s holdings in ONE Gas were worth $1,030,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OGS. Vanguard Group Inc. lifted its position in shares of ONE Gas by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock valued at $437,140,000 after acquiring an additional 27,831 shares in the last quarter. Victory Capital Management Inc. raised its stake in ONE Gas by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock valued at $98,682,000 after purchasing an additional 97,346 shares during the last quarter. Wellington Management Group LLP lifted its holdings in ONE Gas by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,502,466 shares of the utilities provider’s stock valued at $102,588,000 after purchasing an additional 43,678 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ONE Gas by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 817,199 shares of the utilities provider’s stock worth $52,073,000 after purchasing an additional 47,320 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of ONE Gas by 8.1% during the third quarter. Northern Trust Corp now owns 797,996 shares of the utilities provider’s stock worth $54,487,000 after buying an additional 59,665 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

NYSE:OGS opened at $60.43 on Monday. The company has a market capitalization of $3.42 billion, a P/E ratio of 14.92, a P/E/G ratio of 3.14 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. ONE Gas, Inc. has a 52 week low of $55.50 and a 52 week high of $83.31. The stock’s fifty day moving average is $63.11 and its two-hundred day moving average is $62.12.

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

ONE Gas Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Morgan Stanley upped their price target on ONE Gas from $58.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. UBS Group assumed coverage on ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 price objective on the stock. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price for the company in a report on Tuesday, March 5th. Finally, Mizuho lifted their price target on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.06.

View Our Latest Report on ONE Gas

About ONE Gas

(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.

See Also

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

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