Range Financial Group LLC acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,832 shares of the utilities provider's stock, valued at approximately $1,373,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC increased its position in ONE Gas by 266.0% during 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 in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 349 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 261 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in ONE Gas in the 3rd quarter worth approximately $45,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.
ONE Gas Price Performance
OGS traded up $0.20 during trading on Tuesday, hitting $67.97. The company's stock had a trading volume of 382,043 shares, compared to its average volume of 353,736. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.70 and a beta of 0.71. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. The business's fifty day simple moving average is $72.63 and its 200 day simple moving average is $70.40. 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 (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $340.40 million during 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%. ONE Gas's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. On average, equities research analysts forecast that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.
ONE Gas Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.88%. ONE Gas's dividend payout ratio (DPR) is currently 68.75%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on OGS shares. Bank of America assumed coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a "buy" rating and a $77.00 price target for the company. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Morgan Stanley boosted their price target on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group initiated coverage on ONE Gas in a research note on Monday, December 9th. They issued a "hold" rating and a $79.00 price objective for the company. Finally, LADENBURG THALM/SH SH lowered 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $72.69.
Read 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.
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