Inspire Investing LLC lowered its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,872 shares of the utilities provider's stock after selling 4,228 shares during the quarter. Inspire Investing LLC's holdings in ONE Gas were worth $407,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its position in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after purchasing an additional 362 shares in the last quarter. Hennessy Advisors Inc. lifted its position in ONE Gas by 2.8% during the 4th quarter. Hennessy Advisors Inc. now owns 87,775 shares of the utilities provider's stock valued at $6,078,000 after purchasing an additional 2,400 shares during the period. Harbor Capital Advisors Inc. boosted its stake in ONE Gas by 3.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 24,491 shares of the utilities provider's stock valued at $1,696,000 after acquiring an additional 836 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of ONE Gas during the fourth quarter worth $1,373,000. Finally, Diversified Trust Co boosted its holdings in ONE Gas by 4.6% during the fourth quarter. Diversified Trust Co now owns 10,431 shares of the utilities provider's stock worth $722,000 after buying an additional 461 shares during the last quarter. Institutional investors own 88.71% of the company's stock.
ONE Gas Stock Down 0.9 %
NYSE OGS traded down $0.59 during trading on Friday, hitting $68.75. The stock had a trading volume of 646,109 shares, compared to its average volume of 318,179. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The company's 50-day moving average price is $71.79 and its two-hundred day moving average price is $71.09. The company has a market capitalization of $3.89 billion, a PE ratio of 17.90, a P/E/G ratio of 5.70 and a beta of 0.71.
ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates 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 in the prior year, the firm earned $0.45 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 3.89 EPS for the current year.
ONE Gas Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.90%. The ex-dividend date is Friday, February 21st. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's dividend payout ratio is presently 68.75%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. StockNews.com cut ONE Gas from a "hold" rating to a "sell" rating in a research note on Saturday, January 18th. Jefferies Financial Group began coverage on shares of ONE Gas in a report on Monday, December 9th. They issued a "hold" rating and a $79.00 target price on the stock. LADENBURG THALM/SH SH lowered shares of 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, December 6th. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They set a "buy" rating and a $77.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $72.69.
View Our Latest Stock Report on ONE Gas
ONE Gas Profile
(
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
