GAMMA Investing LLC lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 15,222.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,744 shares of the utilities provider's stock after acquiring an additional 101,080 shares during the period. GAMMA Investing LLC owned approximately 0.17% of ONE Gas worth $7,691,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Coppell Advisory Solutions LLC bought a new position in shares of ONE Gas during the 4th quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ONE Gas during the 4th quarter worth $50,000. Transce3nd LLC purchased a new stake in ONE Gas during the fourth quarter worth about $77,000. GeoWealth Management LLC raised its position in ONE Gas by 1,689.7% in the fourth quarter. GeoWealth Management LLC now owns 2,255 shares of the utilities provider's stock worth $156,000 after acquiring an additional 2,129 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in ONE Gas in the fourth quarter worth about $203,000. Institutional investors and hedge funds own 88.71% of the company's stock.
Analyst Ratings Changes
OGS has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Guggenheim boosted 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. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Five investment 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, the company has a consensus rating of "Hold" and a consensus target price of $77.36.
Check Out Our Latest Report on OGS
ONE Gas Stock Down 0.3%
Shares of NYSE OGS traded down $0.21 on Thursday, reaching $73.84. 348,654 shares of the company's stock traded hands, compared to its average volume of 466,826. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The business's 50 day simple moving average is $75.63 and its two-hundred day simple moving average is $73.38. ONE Gas, Inc. has a 12 month low of $59.80 and a 12 month high of $82.25. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 3.64 and a beta of 0.82.
ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $882.31 million. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The business's revenue was up 23.3% on a year-over-year basis. As a group, equities research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.
ONE Gas Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.
ONE Gas Profile
(
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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