Zeke Capital Advisors LLC bought a new position in shares of ONE Gas Inc (NYSE:OGS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,245 shares of the utilities provider’s stock, valued at approximately $238,000.
A number of other institutional investors also recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in ONE Gas by 23.8% during the fourth quarter. LPL Financial LLC now owns 7,114 shares of the utilities provider’s stock worth $521,000 after buying an additional 1,368 shares during the period. Millennium Management LLC lifted its holdings in ONE Gas by 185.2% during the fourth quarter. Millennium Management LLC now owns 20,107 shares of the utilities provider’s stock worth $1,473,000 after buying an additional 13,057 shares during the period. Flinton Capital Management LLC lifted its holdings in ONE Gas by 28.3% during the fourth quarter. Flinton Capital Management LLC now owns 7,548 shares of the utilities provider’s stock worth $553,000 after buying an additional 1,666 shares during the period. Meadow Creek Investment Management LLC lifted its holdings in ONE Gas by 28.3% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,552 shares of the utilities provider’s stock worth $260,000 after buying an additional 784 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in ONE Gas during the fourth quarter worth $205,000. Institutional investors own 74.40% of the company’s stock.
Shares of OGS stock traded up $0.15 on Wednesday, hitting $65.13. The stock had a trading volume of 2,150 shares, compared to its average volume of 265,195. ONE Gas Inc has a 12-month low of $62.20 and a 12-month high of $79.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.87. The stock has a market cap of $3,430.36, a price-to-earnings ratio of 21.50, a PEG ratio of 3.77 and a beta of 0.18.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.83%. This is an increase from ONE Gas’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 22nd. ONE Gas’s dividend payout ratio is presently 59.74%.
A number of analysts have weighed in on OGS shares. Jefferies Group restated a “sell” rating and set a $63.00 target price on shares of ONE Gas in a report on Wednesday, December 20th. Wells Fargo set a $69.00 price objective on ONE Gas and gave the company a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley decreased their price objective on ONE Gas from $69.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, February 13th. Bank of America reiterated an “underperform” rating on shares of ONE Gas in a report on Tuesday, February 27th. Finally, Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $70.80.
ONE Gas Company 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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