Kestra Investment Management LLC grew its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 95.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,886 shares of the utilities provider's stock after purchasing an additional 11,205 shares during the quarter. Kestra Investment Management LLC's holdings in ONE Gas were worth $1,585,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after purchasing an additional 362 shares during the last quarter. Transcendent Capital Group LLC raised its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock worth $27,000 after purchasing an additional 266 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ONE Gas during the 3rd quarter worth approximately $45,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $51,000. Institutional investors own 88.71% of the company's stock.
ONE Gas Stock Up 1.1 %
NYSE OGS traded up $0.79 during mid-day trading on Friday, hitting $73.08. The company's stock had a trading volume of 569,761 shares, compared to its average volume of 430,843. The company's 50 day simple moving average is $70.19 and its 200 day simple moving average is $71.47. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 3.65 and a beta of 0.72.
ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.89%. Analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.67%. This is an increase from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas's payout ratio is currently 67.52%.
Wall Street Analysts Forecast Growth
OGS has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price objective for the company. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Finally, Jefferies Financial Group reduced their price objective on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $72.31.
Read Our Latest Stock Analysis on ONE Gas
ONE Gas Company 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.
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