361 Capital LLC grew its stake in shares of ONE Gas Inc (NYSE:OGS) by 30.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,136 shares of the utilities provider’s stock after buying an additional 6,549 shares during the period. 361 Capital LLC owned approximately 0.05% of ONE Gas worth $2,240,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in OGS. Bank of Montreal Can boosted its position in ONE Gas by 3.2% during the third quarter. Bank of Montreal Can now owns 23,447 shares of the utilities provider’s stock valued at $1,929,000 after purchasing an additional 720 shares in the last quarter. Aperio Group LLC boosted its position in ONE Gas by 3.6% during the third quarter. Aperio Group LLC now owns 67,085 shares of the utilities provider’s stock valued at $5,520,000 after purchasing an additional 2,334 shares in the last quarter. First Trust Advisors LP boosted its position in ONE Gas by 11.2% during the third quarter. First Trust Advisors LP now owns 355,871 shares of the utilities provider’s stock valued at $29,281,000 after purchasing an additional 35,819 shares in the last quarter. Edgemoor Investment Advisors Inc. bought a new stake in ONE Gas during the third quarter valued at about $206,000. Finally, Russell Investments Group Ltd. boosted its position in ONE Gas by 21.6% during the third quarter. Russell Investments Group Ltd. now owns 83,921 shares of the utilities provider’s stock valued at $6,904,000 after purchasing an additional 14,925 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE OGS opened at $84.65 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.45 and a quick ratio of 0.30. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 4.21 and a beta of 0.35. ONE Gas Inc has a fifty-two week low of $62.20 and a fifty-two week high of $87.75.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01). The business had revenue of $464.47 million during the quarter, compared to analyst estimates of $443.39 million. ONE Gas had a return on equity of 8.63% and a net margin of 10.70%. ONE Gas’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. On average, equities analysts anticipate that ONE Gas Inc will post 3.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, February 21st. This is an increase from ONE Gas’s previous quarterly dividend of $0.46. ONE Gas’s dividend payout ratio (DPR) is currently 62.37%.
A number of equities research analysts recently weighed in on OGS shares. Bank of America raised their price objective on ONE Gas from $68.00 to $74.00 and gave the company an “underperform” rating in a research report on Monday, October 29th. UBS Group set a $77.00 price objective on ONE Gas and gave the company a “sell” rating in a research report on Tuesday, October 30th. Zacks Investment Research reaffirmed a “hold” rating on shares of ONE Gas in a research report on Monday, December 31st. Finally, Morgan Stanley dropped their price objective on ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 12th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $76.67.
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ONE Gas 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.
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