Victory Capital Management Inc. reduced its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 26.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,087,445 shares of the utilities provider's stock after selling 382,773 shares during the quarter. Victory Capital Management Inc. owned 1.92% of ONE Gas worth $80,928,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in ONE Gas in the first quarter valued at approximately $575,000. Ameritas Investment Partners Inc. grew its position in ONE Gas by 52.1% in the first quarter. Ameritas Investment Partners Inc. now owns 27,610 shares of the utilities provider's stock worth $1,782,000 after acquiring an additional 9,456 shares in the last quarter. Janus Henderson Group PLC increased its stake in ONE Gas by 55.2% in the first quarter. Janus Henderson Group PLC now owns 287,006 shares of the utilities provider's stock valued at $18,520,000 after acquiring an additional 102,092 shares during the last quarter. Jane Street Group LLC raised its position in ONE Gas by 283.6% during the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider's stock valued at $12,469,000 after purchasing an additional 142,865 shares in the last quarter. Finally, Boston Partners bought a new stake in ONE Gas during the first quarter worth about $708,000. Hedge funds and other institutional investors own 88.71% of the company's stock.
ONE Gas Trading Down 1.2 %
ONE Gas stock traded down $0.87 during trading hours on Thursday, reaching $74.22. The company had a trading volume of 360,789 shares, compared to its average volume of 409,833. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $76.34. The company has a 50-day moving average price of $72.76 and a 200 day moving average price of $67.63. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 3.88 and a beta of 0.67.
ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current year.
ONE Gas Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.56%. ONE Gas's dividend payout ratio is presently 68.75%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on OGS. Wells Fargo & Company decreased 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. StockNews.com downgraded shares of ONE Gas from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $68.10.
Check Out Our Latest Report 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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