Ethic Inc. increased its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,445 shares of the utilities provider's stock after purchasing an additional 3,788 shares during the period. Ethic Inc.'s holdings in ONE Gas were worth $1,208,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new position in shares of ONE Gas in the fourth quarter worth about $203,000. KBC Group NV raised its holdings in shares of ONE Gas by 41.0% during the 4th quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock worth $154,000 after acquiring an additional 645 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ONE Gas by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock valued at $54,239,000 after buying an additional 24,860 shares during the period. Sanctuary Advisors LLC raised its holdings in ONE Gas by 9.8% in the 4th quarter. Sanctuary Advisors LLC now owns 5,952 shares of the utilities provider's stock valued at $420,000 after buying an additional 531 shares during the period. Finally, UMB Bank n.a. lifted its stake in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after acquiring an additional 362 shares in the last quarter. 88.71% of the stock is owned by institutional investors.
ONE Gas Stock Performance
ONE Gas stock traded up $0.18 during trading hours on Monday, reaching $74.80. 33,122 shares of the company were exchanged, compared to its average volume of 444,602. The stock has a 50-day moving average of $75.60 and a 200 day moving average of $73.37. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $82.25. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 3.64 and a beta of 0.86.
ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the previous year, the firm posted $1.75 EPS. The business's revenue for the quarter was up 23.3% on a year-over-year basis. As a group, research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.58%. ONE Gas's payout ratio is 64.73%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on OGS shares. Wells Fargo & Company boosted their target price on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Morgan Stanley set a $74.00 target price on shares of ONE Gas and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Guggenheim upped their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $76.44.
View Our Latest Analysis on ONE Gas
About ONE Gas
(
Free Report)
ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.
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