Bessemer Group Inc. continued to hold its position in shares of ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,000 shares of the utilities provider’s stock at the end of the second quarter. Bessemer Group Inc. owned 0.08% of ONE Gas worth $2,792,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Heritage Trust Co acquired a new position in shares of ONE Gas during the first quarter worth about $111,000. James Investment Research Inc. acquired a new position in shares of ONE Gas during the first quarter worth about $150,000. Independent Portfolio Consultants Inc. acquired a new position in shares of ONE Gas during the second quarter worth about $158,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ONE Gas by 72.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock worth $157,000 after buying an additional 982 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of ONE Gas during the second quarter worth about $200,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.
ONE Gas, Inc. (NYSE OGS) traded down 0.41% during midday trading on Friday, reaching $73.66. 432,293 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $72.04 and its 200-day moving average price is $68.98. The company has a market capitalization of $3.85 billion, a PE ratio of 25.67 and a beta of 0.12. ONE Gas, Inc. has a 1-year low of $55.98 and a 1-year high of $74.84.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.03. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm had revenue of $279.69 million for the quarter, compared to analyst estimates of $257.87 million. During the same quarter last year, the firm earned $0.38 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that ONE Gas, Inc. will post $2.98 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. ONE Gas’s dividend payout ratio (DPR) is 58.54%.
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Several equities analysts recently issued reports on OGS shares. BidaskClub raised ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley upped their target price on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target 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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