Trust Co. of Vermont Invests $122,000 in ONE Gas, Inc. (NYSE:OGS)

Defense World · Oct 2, 2022 06:11

Trust Co. of Vermont bought a new position in ONE Gas, Inc. (NYSE:OGS – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,500 shares of the utilities provider's stock, valued at approximately $122,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of ONE Gas by 4.5% in the first quarter. Mackenzie Financial Corp now owns 2,994 shares of the utilities provider's stock worth $264,000 after purchasing an additional 128 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of ONE Gas by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the utilities provider's stock worth $1,249,000 after purchasing an additional 200 shares during the last quarter. HighTower Advisors LLC boosted its holdings in ONE Gas by 1.8% in the first quarter. HighTower Advisors LLC now owns 11,783 shares of the utilities provider's stock valued at $1,038,000 after acquiring an additional 211 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in ONE Gas by 3.0% in the second quarter. State of Alaska Department of Revenue now owns 7,771 shares of the utilities provider's stock valued at $630,000 after acquiring an additional 230 shares in the last quarter. Finally, CWM LLC boosted its holdings in ONE Gas by 27.3% in the first quarter. CWM LLC now owns 1,199 shares of the utilities provider's stock valued at $106,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 83.60% of the company's stock.

Get ONE Gas alerts:

ONE Gas Stock Performance

Shares of OGS stock opened at $70.39 on Friday. ONE Gas, Inc. has a 12 month low of $63.22 and a 12 month high of $92.26. The stock has a market cap of $3.81 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. 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's fifty day moving average price is $80.48 and its 200-day moving average price is $83.25.

ONE Gas (NYSE:OGS – Get Rating) last announced its earnings results on Monday, August 1st. The utilities provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). ONE Gas had a net margin of 9.34% and a return on equity of 8.85%. The business had revenue of $428.98 million for the quarter, compared to the consensus estimate of $328.48 million. During the same quarter last year, the firm posted $0.56 EPS. The business's quarterly revenue was up 35.9% on a year-over-year basis. On average, equities analysts expect that ONE Gas, Inc. will post 4.07 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, August 12th. ONE Gas's dividend payout ratio is presently 63.27%.

Analysts Set New Price Targets

OGS has been the topic of several recent analyst reports. Mizuho cut their price target on shares of ONE Gas from $92.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday, August 3rd. Morgan Stanley cut 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 report on Thursday, September 22nd. Wells Fargo & Company cut their price target on shares of ONE Gas from $98.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, September 22nd. Finally, StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of "Moderate Buy" and an average price target of $87.50.

Insider Transactions at ONE Gas

In other news, Director Eduardo A. Rodriguez sold 800 shares of ONE Gas stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $76.58, for a total value of $61,264.00. Following the completion of the transaction, the director now owns 10,019 shares of the company's stock, valued at approximately $767,255.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.38% of the stock is owned by insiders.

ONE Gas Company Profile

(Get Rating)

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.