Massachusetts Financial Services Co. MA trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 513,112 shares of the utilities provider's stock after selling 12,429 shares during the period. Massachusetts Financial Services Co. MA owned about 0.86% of ONE Gas worth $38,786,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new position in ONE Gas in the fourth quarter worth about $26,000. UMB Bank n.a. boosted its stake in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after acquiring an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ONE Gas during the 4th quarter valued at $50,000. Farther Finance Advisors LLC increased its holdings in shares of ONE Gas by 195.6% in the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after buying an additional 530 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in shares of ONE Gas during the 4th quarter worth about $77,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
OGS has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Wells Fargo & Company upped their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and upped their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. Guggenheim upped their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $77.64.
Check Out Our Latest Stock Report on OGS
ONE Gas Stock Performance
Shares of ONE Gas stock traded up $0.29 during trading on Friday, hitting $73.43. 436,736 shares of the stock were exchanged, compared to its average volume of 466,558. The stock has a market cap of $4.40 billion, a PE ratio of 17.74, a P/E/G ratio of 3.08 and a beta of 0.80. The stock's fifty day moving average is $73.40 and its 200 day moving average is $73.49. ONE Gas, Inc. has a 12 month low of $65.75 and a 12 month high of $82.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.59.
ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.85 by $0.13. The firm had revenue of $935.19 million during the quarter, compared to analysts' expectations of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. ONE Gas's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the business earned $1.75 earnings per share. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.
ONE Gas Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a $0.67 dividend. The ex-dividend date was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.65%. ONE Gas's dividend payout ratio is 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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