ONE Gas, Inc. (NYSE:OGS) Shares Purchased by MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lifted its holdings in ONE Gas, Inc. (NYSE:OGSGet Rating) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,825 shares of the utilities provider’s stock after purchasing an additional 22,465 shares during the quarter. ONE Gas comprises about 1.6% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s portfolio, making the stock its 7th biggest position. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned approximately 0.30% of ONE Gas worth $14,544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OGS. Teacher Retirement System of Texas raised its stake in ONE Gas by 6.9% in the 1st quarter. Teacher Retirement System of Texas now owns 11,090 shares of the utilities provider’s stock worth $979,000 after acquiring an additional 717 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of ONE Gas during the 1st quarter valued at about $203,000. IndexIQ Advisors LLC purchased a new position in shares of ONE Gas during the 1st quarter valued at about $414,000. IFM Investors Pty Ltd purchased a new position in shares of ONE Gas during the 1st quarter valued at about $614,000. Finally, Capital Advisors Inc. OK raised its stake in shares of ONE Gas by 14.7% during the 1st quarter. Capital Advisors Inc. OK now owns 4,094 shares of the utilities provider’s stock valued at $361,000 after buying an additional 526 shares during the last quarter. Institutional investors and hedge funds own 81.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Mizuho reduced their price objective on ONE Gas from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on ONE Gas from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and an average target price of $85.00.

ONE Gas Price Performance

OGS stock traded down $0.35 during trading on Friday, hitting $80.57. The stock had a trading volume of 158,850 shares, compared to its average volume of 218,830. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.92 and a quick ratio of 0.93. ONE Gas, Inc. has a twelve month low of $62.52 and a twelve month high of $92.26. The stock has a market capitalization of $4.36 billion, a P/E ratio of 20.55, a PEG ratio of 3.99 and a beta of 0.53. The company’s 50-day moving average price is $81.96 and its two-hundred day moving average price is $83.13.

ONE Gas (NYSE:OGSGet Rating) last issued its earnings results on Monday, August 1st. The utilities provider reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $428.98 million for the quarter, compared to analysts’ expectations of $328.48 million. ONE Gas had a return on equity of 8.85% and a net margin of 9.34%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. As a group, research analysts predict that ONE Gas, Inc. will post 4.05 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, August 12th. ONE Gas’s dividend payout ratio is currently 63.27%.

ONE Gas Profile

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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.

See Also

Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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