First Trust Advisors LP Cuts Stake in ONE Gas, Inc. (OGS)

First Trust Advisors LP cut its position in ONE Gas, Inc. (NYSE:OGS) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 334,209 shares of the utilities provider’s stock after selling 15,501 shares during the period. First Trust Advisors LP owned approximately 0.64% of ONE Gas worth $24,611,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Federated Investors Inc. PA increased its holdings in shares of ONE Gas by 64.2% in the second quarter. Federated Investors Inc. PA now owns 116,754 shares of the utilities provider’s stock valued at $8,151,000 after purchasing an additional 45,664 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of ONE Gas by 19.1% in the first quarter. UBS Asset Management Americas Inc. now owns 33,367 shares of the utilities provider’s stock valued at $2,256,000 after purchasing an additional 5,340 shares during the period. Flinton Capital Management LLC increased its holdings in shares of ONE Gas by 75.9% in the second quarter. Flinton Capital Management LLC now owns 4,726 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 2,040 shares during the period. Campbell & CO Investment Adviser LLC increased its holdings in shares of ONE Gas by 196.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 8,965 shares of the utilities provider’s stock valued at $626,000 after purchasing an additional 5,944 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of ONE Gas by 15.2% in the second quarter. California Public Employees Retirement System now owns 113,200 shares of the utilities provider’s stock valued at $7,902,000 after purchasing an additional 14,900 shares during the period. 73.06% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The firm had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same period in the prior year, the business earned $0.24 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, November 10th. ONE Gas’s payout ratio is 56.19%.

OGS has been the topic of a number of research reports. BidaskClub raised ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Thursday, July 13th. UBS AG lowered ONE Gas from a “neutral” rating to a “sell” rating and increased their price objective for the company from $71.00 to $72.00 in a report on Monday, October 2nd. Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price objective on shares of ONE Gas in a report on Sunday, September 10th. Finally, Morgan Stanley raised their target price on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. ONE Gas presently has an average rating of “Hold” and an average price target of $67.50.

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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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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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