Westpac Banking Corp Purchases 1,400 Shares of ONE Gas Inc (NYSE:OGS)

Westpac Banking Corp boosted its position in ONE Gas Inc (NYSE:OGS) by 2.1% during the 1st quarter, Holdings Channel reports. The fund owned 66,700 shares of the utilities provider’s stock after buying an additional 1,400 shares during the quarter. Westpac Banking Corp’s holdings in ONE Gas were worth $5,938,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OGS. Norges Bank acquired a new position in ONE Gas in the fourth quarter valued at about $30,453,000. First Trust Advisors LP lifted its stake in ONE Gas by 373.9% in the first quarter. First Trust Advisors LP now owns 336,718 shares of the utilities provider’s stock valued at $29,978,000 after buying an additional 265,658 shares during the period. BlackRock Inc. lifted its stake in ONE Gas by 2.5% in the fourth quarter. BlackRock Inc. now owns 6,267,260 shares of the utilities provider’s stock valued at $498,875,000 after buying an additional 152,104 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in ONE Gas by 272.8% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 188,659 shares of the utilities provider’s stock valued at $15,017,000 after buying an additional 138,053 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in ONE Gas by 143.1% in the first quarter. JPMorgan Chase & Co. now owns 198,976 shares of the utilities provider’s stock valued at $17,715,000 after buying an additional 117,111 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

NYSE:OGS opened at $90.91 on Friday. ONE Gas Inc has a 1-year low of $69.90 and a 1-year high of $91.55. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 4.50 and a beta of 0.35.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. The firm had revenue of $661.00 million for the quarter, compared to analyst estimates of $625.25 million. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Research analysts anticipate that ONE Gas Inc will post 3.46 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, May 14th. ONE Gas’s payout ratio is 61.54%.

In other news, Director Eduardo A. Rodriguez sold 500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $89.04, for a total transaction of $44,520.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.76% of the company’s stock.

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ONE Gas Company 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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