DE Burlo Group Inc. held its stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,286 shares of the utilities provider’s stock at the end of the second quarter. DE Burlo Group Inc.’s holdings in ONE Gas were worth $508,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Heritage Trust Co bought a new stake in ONE Gas during the first quarter valued at $111,000. James Investment Research Inc. bought a new stake in ONE Gas during the first quarter valued at $150,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ONE Gas by 72.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock valued at $157,000 after buying an additional 982 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new stake in ONE Gas during the second quarter valued at $158,000. Finally, Janney Montgomery Scott LLC bought a new stake in ONE Gas during the second quarter valued at $200,000. 73.57% of the stock is owned by institutional investors and hedge funds.
Shares of ONE Gas, Inc. (NYSE OGS) opened at 73.96 on Friday. The company has a market capitalization of $3.87 billion, a PE ratio of 25.77 and a beta of 0.12. The firm has a 50-day moving average of $71.92 and a 200 day moving average of $68.91. ONE Gas, Inc. has a 12 month low of $55.98 and a 12 month high of $74.84.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.03. The firm had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. ONE Gas’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS. On average, equities research analysts expect that ONE Gas, Inc. will post $2.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 10th. ONE Gas’s dividend payout ratio is 58.54%.
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Several research firms recently weighed in on OGS. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, May 10th. Morgan Stanley upped their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. Finally, BidaskClub raised shares of ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. ONE Gas currently has an average rating of “Hold” and a consensus target price of $65.67.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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