Aperio Group LLC decreased its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,234 shares of the utilities provider’s stock after selling 9,848 shares during the period. Aperio Group LLC owned about 0.13% of ONE Gas worth $4,833,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in OGS. World Asset Management Inc raised its stake in shares of ONE Gas by 0.8% in the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock valued at $217,000 after buying an additional 25 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of ONE Gas by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock valued at $290,000 after buying an additional 40 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of ONE Gas by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 12,850 shares of the utilities provider’s stock valued at $869,000 after buying an additional 104 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of ONE Gas by 1.7% in the first quarter. Suntrust Banks Inc. now owns 6,160 shares of the utilities provider’s stock valued at $415,000 after buying an additional 105 shares during the last quarter. Finally, Wills Financial Group Inc. raised its stake in shares of ONE Gas by 4.3% in the first quarter. Wills Financial Group Inc. now owns 3,680 shares of the utilities provider’s stock valued at $249,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
Shares of ONE Gas, Inc. (NYSE OGS) traded down 0.41% on Friday, reaching $73.66. 432,293 shares of the company’s stock were exchanged. ONE Gas, Inc. has a one year low of $55.98 and a one year high of $74.84. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 25.67 and a beta of 0.12. The company’s 50 day moving average is $72.04 and its 200-day moving average is $68.98.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share 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%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, analysts anticipate that ONE Gas, Inc. will post $2.98 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 annualized dividend and a dividend yield of 2.28%. ONE Gas’s payout ratio is currently 58.54%.
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A number of brokerages have recently weighed in on OGS. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded 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. Finally, Morgan Stanley upped their price target on shares of ONE Gas from $68.00 to $70.00 and gave the company an “underweight” rating in a report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. ONE Gas currently has a consensus rating of “Hold” and a consensus target price of $65.67.
ONE Gas Company Profile
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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