Crossmark Global Holdings Inc. Sells 479 Shares of ONE Gas, Inc. (NYSE:OGS)

Crossmark Global Holdings Inc. reduced its stake in ONE Gas, Inc. (NYSE:OGS) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,575 shares of the utilities provider’s stock after selling 479 shares during the period. Crossmark Global Holdings Inc.’s holdings in ONE Gas were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Panagora Asset Management Inc. increased its position in shares of ONE Gas by 19.2% during the second quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock worth $20,037,000 after acquiring an additional 50,515 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ONE Gas by 24.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,814 shares of the utilities provider’s stock worth $882,000 after acquiring an additional 2,731 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ONE Gas by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 792,440 shares of the utilities provider’s stock worth $50,597,000 after acquiring an additional 20,065 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of ONE Gas by 1.7% during the second quarter. Hennessy Advisors Inc. now owns 88,675 shares of the utilities provider’s stock worth $5,662,000 after acquiring an additional 1,500 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of ONE Gas during the second quarter worth about $64,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Up 0.7 %

OGS opened at $70.04 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 3.59 and a beta of 0.66. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $75.89. The company’s 50-day moving average price is $67.14 and its two-hundred day moving average price is $63.98.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $354.14 million during the quarter, compared to analysts’ expectations of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts expect that ONE Gas, Inc. will post 3.84 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, August 14th. ONE Gas’s payout ratio is 65.19%.

Analyst Upgrades and Downgrades

OGS has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Mizuho boosted their target price on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Morgan Stanley reduced their price objective on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.36.

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.