Vanguard Group Inc. Buys 147,186 Shares of ONE Gas, Inc. (NYSE:OGS)

Vanguard Group Inc. raised its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,417,990 shares of the utilities provider’s stock after purchasing an additional 147,186 shares during the period. Vanguard Group Inc. owned 10.71% of ONE Gas worth $485,136,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new stake in ONE Gas during the fourth quarter valued at about $26,000. UMB Bank n.a. grew its holdings in ONE Gas by 69.1% during the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 257 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in ONE Gas during the fourth quarter valued at about $50,000. Farther Finance Advisors LLC grew its holdings in ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 530 shares during the period. Finally, Transce3nd LLC bought a new stake in ONE Gas during the fourth quarter valued at about $77,000. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

NYSE:OGS opened at $76.35 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $4.58 billion, a P/E ratio of 18.22, a P/E/G ratio of 3.16 and a beta of 0.82. ONE Gas, Inc. has a 12 month low of $66.32 and a 12 month high of $82.25. The business’s 50-day moving average is $73.27 and its 200 day moving average is $74.02.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $423.70 million for the quarter, compared to the consensus estimate of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. On average, equities research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. ONE Gas’s payout ratio is presently 63.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on ONE Gas from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Guggenheim boosted their price objective on ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research report on Friday, May 9th. Finally, Morgan Stanley restated an “underperform” rating on shares of ONE Gas in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.64.

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.