PNC Financial Services Group Inc. Purchases 526 Shares of ONE Gas, Inc. $OGS

PNC Financial Services Group Inc. raised its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 20.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,073 shares of the utilities provider’s stock after buying an additional 526 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ONE Gas were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in ONE Gas by 21.6% during the 1st quarter. KBC Group NV now owns 2,697 shares of the utilities provider’s stock valued at $204,000 after buying an additional 479 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in ONE Gas by 369.2% during the 1st quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider’s stock valued at $1,525,000 after buying an additional 15,873 shares in the last quarter. GAMMA Investing LLC grew its holdings in ONE Gas by 102.7% during the 1st 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. grew its holdings in ONE Gas by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider’s stock valued at $13,513,000 after buying an additional 3,085 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in ONE Gas during the 1st quarter valued at approximately $733,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ONE Gas Stock Down 0.7%

Shares of OGS opened at $75.71 on Monday. The company has a market cap of $4.54 billion, a PE ratio of 18.07, a P/E/G ratio of 3.13 and a beta of 0.82. The business has a fifty day moving average of $73.31 and a 200 day moving average of $74.12. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $82.25. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $423.70 million during 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%. ONE Gas’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, sell-side analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, August 18th. ONE Gas’s dividend payout ratio (DPR) is 63.96%.

ONE Gas 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.