Prudential Financial Inc. lessened its holdings in ONE Gas Inc (NYSE:OGS) by 14.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 74,435 shares of the utilities provider’s stock after selling 12,604 shares during the period. Prudential Financial Inc. owned 0.14% of ONE Gas worth $5,481,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of ONE Gas by 25.8% in the 1st quarter. Renaissance Technologies LLC now owns 62,500 shares of the utilities provider’s stock valued at $4,225,000 after acquiring an additional 12,800 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of ONE Gas by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,850 shares of the utilities provider’s stock valued at $869,000 after acquiring an additional 104 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in shares of ONE Gas by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock valued at $290,000 after acquiring an additional 40 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of ONE Gas by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,957 shares of the utilities provider’s stock valued at $1,323,000 after acquiring an additional 799 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of ONE Gas by 15.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,072 shares of the utilities provider’s stock valued at $284,000 after acquiring an additional 556 shares during the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.
A number of brokerages recently commented on OGS. Morgan Stanley increased their price target on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Wednesday. BidaskClub raised shares of ONE Gas from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Jefferies Group reissued a “sell” rating and issued a $62.00 price objective on shares of ONE Gas in a research note on Sunday, September 10th. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, UBS downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and lifted their price target for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the stock. ONE Gas currently has a consensus rating of “Hold” and an average target price of $73.50.
Shares of ONE Gas Inc (OGS) traded up $1.04 during mid-day trading on Wednesday, reaching $76.48. 225,618 shares of the company traded hands, compared to its average volume of 189,525. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. ONE Gas Inc has a 12 month low of $61.42 and a 12 month high of $79.51. The stock has a market capitalization of $4,000.00, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 4.05 and a beta of 0.08.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The business had revenue of $247.14 million for the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the company earned $0.24 earnings per share. analysts anticipate that ONE Gas Inc will post 3.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, November 10th. ONE Gas’s dividend payout ratio (DPR) is presently 56.38%.
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ONE Gas 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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