Two Sigma Advisers LP raised its position in shares of ONE Gas Inc (NYSE:OGS) by 319.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,400 shares of the utilities provider’s stock after acquiring an additional 20,100 shares during the period. Two Sigma Advisers LP’s holdings in ONE Gas were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of OGS. Captrust Financial Advisors purchased a new stake in shares of ONE Gas during the 2nd quarter worth approximately $25,000. TCTC Holdings LLC purchased a new stake in shares of ONE Gas during the 2nd quarter worth approximately $39,000. Private Advisor Group LLC purchased a new stake in shares of ONE Gas during the 2nd quarter worth approximately $49,000. Ellevest Inc. raised its holdings in shares of ONE Gas by 85.1% during the 2nd quarter. Ellevest Inc. now owns 1,401 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 644 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of ONE Gas by 43.0% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 2,193 shares of the utilities provider’s stock worth $169,000 after acquiring an additional 659 shares in the last quarter. 79.36% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Eduardo A. Rodriguez sold 870 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $68.49, for a total transaction of $59,586.30. Following the transaction, the director now owns 9,365 shares of the company’s stock, valued at approximately $641,408.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey J. Husen sold 700 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $77.61, for a total value of $54,327.00. Following the transaction, the insider now directly owns 1,748 shares in the company, valued at approximately $135,662.28. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by corporate insiders.
Shares of ONE Gas stock opened at $69.01 on Thursday. The stock’s fifty day moving average is $72.05 and its two-hundred day moving average is $77.20. The company has a market capitalization of $3.65 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 3.60 and a beta of 0.20. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.72. ONE Gas Inc has a 52 week low of $63.67 and a 52 week high of $96.97.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $273.29 million for the quarter, compared to the consensus estimate of $274.48 million. ONE Gas had a return on equity of 8.62% and a net margin of 12.35%. ONE Gas’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. As a group, research analysts anticipate that ONE Gas Inc will post 3.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Thursday, August 13th. ONE Gas’s payout ratio is 61.54%.
OGS has been the topic of several analyst reports. Zacks Investment Research downgraded ONE Gas from a “hold” rating to a “sell” rating and set a $81.00 target price on the stock. in a research report on Thursday, July 2nd. Bank of America raised ONE Gas from an “underperform” rating to a “neutral” rating and set a $79.00 target price on the stock in a research report on Thursday, July 23rd. They noted that the move was a valuation call. Morgan Stanley cut their target price on ONE Gas from $70.00 to $61.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. UBS Group raised ONE Gas from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Thursday, August 20th. Finally, Wells Fargo & Company raised ONE Gas from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $83.00 to $89.00 in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $84.80.
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.
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