Martingale Asset Management L P raised its stake in ONE Gas, Inc. (NYSE:OGS) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,924 shares of the utilities provider’s stock after buying an additional 5,700 shares during the period. Martingale Asset Management L P owned 0.22% of ONE Gas worth $8,093,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Alliancebernstein L.P. boosted its position in ONE Gas by 6.9% in the second quarter. Alliancebernstein L.P. now owns 124,840 shares of the utilities provider’s stock valued at $8,715,000 after buying an additional 8,060 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ONE Gas by 15.9% during the second quarter. Wells Fargo & Company MN now owns 75,562 shares of the utilities provider’s stock worth $5,276,000 after purchasing an additional 10,363 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of ONE Gas by 27.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,175 shares of the utilities provider’s stock worth $990,000 after purchasing an additional 3,090 shares during the period. Heritage Trust Co lifted its holdings in shares of ONE Gas by 41.4% during the second quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 680 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of ONE Gas by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.
ONE Gas, Inc. (NYSE:OGS) opened at 75.73 on Tuesday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 26.39 and a beta of 0.11. ONE Gas, Inc. has a one year low of $55.98 and a one year high of $76.06. The stock’s 50 day moving average is $74.21 and its 200-day moving average is $70.19.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The business had revenue of $279.69 million during the quarter, compared to analysts’ expectations of $257.87 million. During the same period last year, the company posted $0.38 EPS. ONE Gas’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts expect that ONE Gas, Inc. will post $2.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a $0.42 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.22%. ONE Gas’s dividend payout ratio (DPR) is 58.54%.
OGS has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a report on Thursday, August 10th. BidaskClub lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $62.00 price target on shares of ONE Gas in a report on Sunday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. ONE Gas has an average rating of “Hold” and an average price target of $66.17.
ONE Gas Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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