Bank of New York Mellon Corp Has $44.25 Million Stock Position in ONE Gas, Inc. (NYSE:OGS)

Bank of New York Mellon Corp lessened its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 639,026 shares of the utilities provider's stock after selling 61,572 shares during the period. Bank of New York Mellon Corp owned approximately 1.13% of ONE Gas worth $44,253,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC increased its stake in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 266 shares during the period. UMB Bank n.a. grew its stake in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares during the period. Crews Bank & Trust acquired a new position in shares of ONE Gas in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new position in shares of ONE Gas during the 3rd quarter worth approximately $45,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after buying an additional 210 shares during the period. Institutional investors own 88.71% of the company's stock.

ONE Gas Trading Up 0.1 %

Shares of NYSE:OGS traded up $0.11 during midday trading on Monday, hitting $74.74. The company had a trading volume of 411,895 shares, compared to its average volume of 378,129. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89. The firm has a fifty day simple moving average of $71.23 and a 200 day simple moving average of $72.06. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 3.64 and a beta of 0.66.

Remove Ads

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting analysts' consensus estimates of $1.34. The business had revenue of $630.70 million for 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 7.70%. On average, analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.67 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's dividend payout ratio is currently 68.54%.

Wall Street Analyst Weigh In

OGS has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price target on ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Bank of America started coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price target on the stock. StockNews.com cut shares of ONE Gas from a "hold" rating to a "sell" rating in a research report on Tuesday, March 4th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.31.

ONE Gas Company 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.