ONE Gas Inc (OGS) Holdings Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of ONE Gas Inc (NYSE:OGS) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 86,420 shares of the utilities provider’s stock after selling 1,413 shares during the period. PNC Financial Services Group Inc.’s holdings in ONE Gas were worth $7,111,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in ONE Gas by 2.3% during the 2nd quarter. BlackRock Inc. now owns 6,006,477 shares of the utilities provider’s stock valued at $448,926,000 after purchasing an additional 132,617 shares during the period. Northern Trust Corp raised its stake in ONE Gas by 23.3% during the 2nd quarter. Northern Trust Corp now owns 1,171,689 shares of the utilities provider’s stock valued at $87,572,000 after purchasing an additional 221,087 shares during the period. Victory Capital Management Inc. raised its stake in ONE Gas by 5.6% during the 2nd quarter. Victory Capital Management Inc. now owns 926,883 shares of the utilities provider’s stock valued at $69,275,000 after purchasing an additional 48,976 shares during the period. Dimensional Fund Advisors LP raised its stake in ONE Gas by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 830,534 shares of the utilities provider’s stock valued at $62,074,000 after purchasing an additional 2,298 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in ONE Gas by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 703,782 shares of the utilities provider’s stock valued at $57,908,000 after purchasing an additional 5,822 shares during the period. 73.43% of the stock is currently owned by institutional investors.

NYSE OGS opened at $85.09 on Friday. ONE Gas Inc has a 1-year low of $62.20 and a 1-year high of $86.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.30 and a current ratio of 0.45. The firm has a market capitalization of $4.47 billion, a PE ratio of 25.94, a P/E/G ratio of 4.58 and a beta of 0.25.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, October 29th. The utilities provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. ONE Gas had a net margin of 10.70% and a return on equity of 8.63%. The business had revenue of $238.28 million for the quarter, compared to the consensus estimate of $250.60 million. During the same period in the prior year, the business posted $0.36 earnings per share. On average, sell-side analysts predict that ONE Gas Inc will post 3.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, November 9th. ONE Gas’s dividend payout ratio (DPR) is presently 62.37%.

Several analysts have issued reports on the stock. ValuEngine raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. Wells Fargo & Co boosted their target price on shares of ONE Gas from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. UBS Group set a $77.00 target price on shares of ONE Gas and gave the company a “sell” rating in a research note on Tuesday, October 30th. Bank of America boosted their target price on shares of ONE Gas from $68.00 to $74.00 and gave the company an “underperform” rating in a research note on Monday, October 29th. Finally, Morgan Stanley set a $76.00 target price on shares of ONE Gas and gave the company a “sell” rating in a research note on Thursday, October 11th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $76.83.

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

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