Holocene Advisors LP Has $3.99 Million Stock Position in ONE Gas, Inc. (NYSE:OGS)

Holocene Advisors LP raised its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 45.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,646 shares of the utilities provider's stock after purchasing an additional 16,873 shares during the quarter. Holocene Advisors LP owned 0.09% of ONE Gas worth $3,992,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Benjamin Edwards Inc. acquired a new stake in shares of ONE Gas in the 3rd quarter valued at $1,524,000. Kestra Investment Management LLC acquired a new stake in shares of ONE Gas in the 3rd quarter valued at $869,000. Verition Fund Management LLC boosted its holdings in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider's stock valued at $29,980,000 after purchasing an additional 306,974 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of ONE Gas by 10.3% in the 3rd quarter. Captrust Financial Advisors now owns 40,807 shares of the utilities provider's stock valued at $3,037,000 after purchasing an additional 3,818 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of ONE Gas by 32.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider's stock valued at $18,599,000 after purchasing an additional 60,922 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Trading Down 1.2 %

NYSE:OGS traded down $0.88 during trading hours on Thursday, hitting $74.04. 777,157 shares of the company were exchanged, compared to its average volume of 406,622. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 19.51 and a beta of 0.70. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The company has a fifty day simple moving average of $74.12 and a 200 day simple moving average of $68.90.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the business posted $0.45 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. Sell-side analysts expect that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Tuesday, November 19th. ONE Gas's dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Wells Fargo & Company cut their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $68.10.

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.