Teachers Retirement System of The State of Kentucky increased its position in shares of ONE Gas, Inc. (NYSE:OGS – Free Report) by 234.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,976 shares of the utilities provider’s stock after buying an additional 42,724 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of ONE Gas worth $4,539,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in shares of ONE Gas by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 159 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares in the last quarter. CWM LLC raised its holdings in ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 248 shares during the period. GAMMA Investing LLC boosted its position in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. Finally, Transcendent Capital Group LLC grew its holdings in ONE Gas by 266.0% in the third 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 during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.
Analyst Ratings Changes
OGS has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 target price for the company. Bank of America began coverage on shares of ONE Gas in a report on Friday. They issued a “buy” rating and a $77.00 price target for the company. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research note on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average target price of $72.69.
ONE Gas Stock Performance
OGS opened at $70.38 on Friday. The firm has a market capitalization of $3.99 billion, a PE ratio of 18.33 and a beta of 0.70. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. The firm’s 50-day moving average price is $73.86 and its 200 day moving average price is $69.33.
ONE Gas (NYSE:OGS – Get Free Report) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.
ONE Gas Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.75%. ONE Gas’s dividend payout ratio (DPR) is 68.75%.
ONE Gas 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.
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