ONE Gas, Inc. (NYSE:OGS) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS) by 33.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,630 shares of the utilities provider’s stock after selling 2,814 shares during the quarter. Pacer Advisors Inc.’s holdings in ONE Gas were worth $426,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of OGS. KBC Group NV lifted its position in ONE Gas by 21.6% in the first quarter. KBC Group NV now owns 2,697 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 479 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in ONE Gas by 369.2% in the first quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider’s stock valued at $1,525,000 after acquiring an additional 15,873 shares during the period. GAMMA Investing LLC increased its holdings in ONE Gas by 102.7% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock valued at $102,000 after buying an additional 682 shares in the last quarter. Principal Financial Group Inc. boosted its position in ONE Gas by 1.8% during the first quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider’s stock worth $13,513,000 after purchasing an additional 3,085 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in ONE Gas by 9.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,254 shares of the utilities provider’s stock valued at $322,000 after acquiring an additional 367 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

NYSE OGS opened at $72.54 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.35 billion, a P/E ratio of 17.52, a PEG ratio of 3.05 and a beta of 0.82. ONE Gas, Inc. has a twelve month low of $65.75 and a twelve month high of $82.25. The company’s 50-day simple moving average is $73.22 and its 200 day simple moving average is $73.76.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. The company had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. ONE Gas’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 earnings per share. As a group, research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.7%. ONE Gas’s dividend payout ratio (DPR) is presently 64.73%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research report on Friday, May 9th. Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Morgan Stanley restated an “underperform” rating on shares of ONE Gas in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company upped their target price on ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and an average price target of $77.64.

ONE Gas Company Profile

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.