Benjamin Edwards Inc. bought a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,472 shares of the utilities provider's stock, valued at approximately $1,524,000.
Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC increased its stake in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of ONE Gas in the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 349 shares during the last quarter. GAMMA Investing LLC increased its stake in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock worth $45,000 after buying an additional 261 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of ONE Gas in the 3rd quarter valued at about $60,000. 88.71% of the stock is owned by institutional investors.
ONE Gas Stock Performance
Shares of NYSE OGS traded down $1.40 during mid-day trading on Friday, hitting $72.64. The company had a trading volume of 231,036 shares, compared to its average volume of 405,847. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 19.28 and a beta of 0.70. The firm's 50 day simple moving average is $74.13 and its two-hundred day simple moving average is $68.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.
ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, equities research analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current year.
ONE Gas Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.63%. ONE Gas's dividend payout ratio is 68.75%.
Wall Street Analyst Weigh In
Several research firms have commented on OGS. LADENBURG THALM/SH SH cut ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target for the company. in a report on Friday. StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $70.92.
Read Our Latest Stock Analysis on OGS
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
Before you consider ONE Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE Gas wasn't on the list.
While ONE Gas currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
