South Dakota Investment Council decreased its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,689 shares of the utilities provider's stock after selling 14,500 shares during the period. South Dakota Investment Council's holdings in ONE Gas were worth $1,564,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in ONE Gas in the fourth quarter valued at about $43,344,000. Bank of Montreal Can increased its position in shares of ONE Gas by 1,421.7% during the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after purchasing an additional 456,891 shares during the last quarter. Deutsche Bank AG grew its position in shares of ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after buying an additional 310,460 shares during the last quarter. JPMorgan Chase & Co. increased its position in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after buying an additional 152,028 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ONE Gas by 23.2% in the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock worth $59,492,000 after purchasing an additional 148,003 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.
ONE Gas Stock Up 0.4%
NYSE OGS traded up $0.31 during trading on Tuesday, hitting $74.77. 390,532 shares of the company traded hands, compared to its average volume of 465,568. ONE Gas, Inc. has a 12 month low of $65.75 and a 12 month high of $82.25. The company has a market capitalization of $4.48 billion, a P/E ratio of 18.06, a PEG ratio of 3.08 and a beta of 0.80. The business has a fifty day simple moving average of $73.40 and a 200 day simple moving average of $73.57. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74.
ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The firm had revenue of $935.19 million for the quarter, compared to analysts' expectations of $882.31 million. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The company's revenue was up 23.3% on a year-over-year basis. As a group, sell-side analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.
ONE Gas Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.58%. ONE Gas's dividend payout ratio is presently 64.73%.
Analyst Ratings Changes
Several equities research analysts have weighed in on OGS shares. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wells Fargo & Company upped their price objective on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Finally, Guggenheim increased their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.64.
Check Out Our Latest Stock Report on ONE Gas
ONE Gas Company 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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