J.W. Cole Advisors Inc. acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,883 shares of the utilities provider's stock, valued at approximately $53,000.
Several other institutional investors also recently modified their holdings of OGS. Bivin & Associates Inc. acquired a new position in shares of ONE Gas during the 4th quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new position in ONE Gas in the 1st quarter valued at about $104,000. CWM LLC grew its stake in ONE Gas by 27.3% in the 1st quarter. CWM LLC now owns 1,199 shares of the utilities provider's stock valued at $106,000 after buying an additional 257 shares during the last quarter. Destiny Wealth Partners LLC grew its stake in ONE Gas by 952.0% in the 1st quarter. Destiny Wealth Partners LLC now owns 1,315 shares of the utilities provider's stock valued at $116,000 after buying an additional 1,190 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in ONE Gas in the 1st quarter valued at about $154,000. 83.60% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
OGS has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of ONE Gas from $89.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Thursday. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, August 10th. Mizuho cut their price objective on shares of ONE Gas from $92.00 to $90.00 and set a "neutral" rating for the company in a report on Wednesday, August 3rd. Finally, Wells Fargo & Company cut their price objective on shares of ONE Gas from $98.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.50.
ONE Gas Stock Performance
Shares of ONE Gas stock opened at $79.84 on Friday. The company has a 50 day moving average of $81.25 and a 200-day moving average of $83.72. ONE Gas, Inc. has a 1-year low of $62.52 and a 1-year high of $92.26. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.93. The company has a market cap of $4.32 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.92 and a beta of 0.55.
ONE Gas (NYSE:OGS – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The utilities provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). ONE Gas had a return on equity of 8.85% and a net margin of 9.34%. The firm had revenue of $428.98 million for the quarter, compared to the consensus estimate of $328.48 million. During the same period last year, the company posted $0.56 EPS. The business's revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts forecast that ONE Gas, Inc. will post 4.07 earnings per share for the current fiscal year.
ONE Gas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, August 12th. ONE Gas's payout ratio is 63.27%.
About ONE Gas
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ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.
Further Reading
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