Coastline Trust Co Buys Shares of 800 ONE Gas, Inc. (NYSE:OGS)

Coastline Trust Co purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 800 shares of the utilities provider’s stock, valued at approximately $60,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC boosted its holdings in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. Rothschild Investment LLC bought a new position in ONE Gas in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its stake in ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 174 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

NYSE OGS opened at $75.40 on Friday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 3.89 and a beta of 0.67. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $76.34. The stock has a fifty day simple moving average of $72.99 and a 200 day simple moving average of $67.75.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a $0.66 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.50%. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OGS shares. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.