Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,210 shares of the utilities provider’s stock after selling 193 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in ONE Gas were worth $434,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in OGS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ONE Gas by 72.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 982 shares during the period. Independent Portfolio Consultants Inc. purchased a new position in ONE Gas during the 2nd quarter valued at about $158,000. Janney Montgomery Scott LLC purchased a new position in ONE Gas during the 2nd quarter valued at about $200,000. Baird Financial Group Inc. purchased a new position in ONE Gas during the 1st quarter valued at about $202,000. Finally, World Asset Management Inc increased its holdings in ONE Gas by 0.8% during the 1st quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 25 shares during the period. Institutional investors own 73.16% of the company’s stock.
ONE Gas, Inc. (NYSE:OGS) opened at 74.81 on Monday. ONE Gas, Inc. has a 12-month low of $55.98 and a 12-month high of $76.06. The firm’s 50 day moving average price is $74.16 and its 200-day moving average price is $70.09. The stock has a market cap of $3.91 billion, a P/E ratio of 26.07 and a beta of 0.11.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.03. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that ONE Gas, Inc. will post $2.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 10th. ONE Gas’s dividend payout ratio is presently 58.54%.
A number of research analysts recently issued reports on the company. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Jefferies Group LLC restated a “sell” rating and set a $62.00 price target on shares of ONE Gas in a report on Sunday. Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley upped 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $66.17.
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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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