Public Employees Retirement System of Ohio decreased its position in ONE Gas Inc (NYSE:OGS) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,229 shares of the utilities provider’s stock after selling 164 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in ONE Gas were worth $1,285,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new stake in ONE Gas in the second quarter valued at approximately $1,889,000. Ancora Advisors LLC increased its stake in ONE Gas by 4.1% in the second quarter. Ancora Advisors LLC now owns 49,749 shares of the utilities provider’s stock valued at $4,492,000 after purchasing an additional 1,975 shares during the last quarter. Bank of New York Mellon Corp increased its stake in ONE Gas by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 703,793 shares of the utilities provider’s stock valued at $63,553,000 after purchasing an additional 8,582 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in ONE Gas by 17.8% in the second quarter. Bahl & Gaynor Inc. now owns 60,543 shares of the utilities provider’s stock valued at $5,467,000 after purchasing an additional 9,167 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in ONE Gas in the second quarter valued at approximately $840,000. 75.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of OGS traded up $0.04 during mid-day trading on Friday, reaching $94.05. 2,846 shares of the company’s stock were exchanged, compared to its average volume of 191,893. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.50. The stock has a market capitalization of $4.85 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 4.48 and a beta of 0.32. The business’s fifty day simple moving average is $90.62 and its 200-day simple moving average is $89.45. ONE Gas Inc has a 52-week low of $75.51 and a 52-week high of $94.22.
ONE Gas (NYSE:OGS) last announced its earnings results on Monday, July 29th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $290.56 million for the quarter, compared to analyst estimates of $294.20 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.66%. During the same period last year, the firm posted $0.39 earnings per share. Equities research analysts predict that ONE Gas Inc will post 3.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.13%. ONE Gas’s dividend payout ratio (DPR) is presently 61.54%.
Several brokerages have commented on OGS. Morgan Stanley set a $82.00 price target on shares of ONE Gas and gave the company a “sell” rating in a research note on Friday, August 16th. UBS Group upgraded shares of ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 price target on the stock in a research note on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. ONE Gas currently has an average rating of “Hold” and a consensus target price of $82.00.
In other news, insider Jeffrey J. Husen sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $89.64, for a total transaction of $26,892.00. Following the transaction, the insider now directly owns 1,787 shares in the company, valued at $160,186.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.76% of the company’s stock.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
Further Reading: Sell-Side Analysts
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