BlackRock Inc. lifted its position in shares of ONE Gas Inc (NYSE:OGS) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,115,156 shares of the utilities provider’s stock after purchasing an additional 108,679 shares during the period. BlackRock Inc. owned about 11.64% of ONE Gas worth $503,156,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in OGS. Bank of Montreal Can lifted its holdings in shares of ONE Gas by 6.2% during the second quarter. Bank of Montreal Can now owns 22,727 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 1,322 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of ONE Gas during the second quarter worth $404,000. Acadian Asset Management LLC acquired a new stake in shares of ONE Gas during the second quarter worth $142,000. Janney Montgomery Scott LLC acquired a new stake in shares of ONE Gas during the second quarter worth $245,000. Finally, Aperio Group LLC lifted its holdings in shares of ONE Gas by 1.1% during the second quarter. Aperio Group LLC now owns 64,751 shares of the utilities provider’s stock worth $4,839,000 after buying an additional 730 shares in the last quarter. 74.98% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE OGS opened at $86.45 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44. ONE Gas Inc has a 52 week low of $62.20 and a 52 week high of $87.30. The firm has a market capitalization of $4.47 billion, a P/E ratio of 29.31, a P/E/G ratio of 4.58 and a beta of 0.27.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, October 29th. The utilities provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. ONE Gas had a return on equity of 8.63% and a net margin of 10.70%. The company had revenue of $238.28 million for the quarter, compared to analysts’ expectations of $250.60 million. During the same quarter last year, the business earned $0.36 earnings per share. As a group, equities analysts anticipate that ONE Gas Inc will post 3.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, November 13th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, November 9th. ONE Gas’s payout ratio is currently 62.37%.
A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their target price on ONE Gas from $76.00 to $78.00 and gave the stock a “sell” rating in a report on Tuesday, September 11th. Bank of America lifted their target price on ONE Gas from $68.00 to $74.00 and gave the stock an “underperform” rating in a report on Monday, October 29th. UBS Group set a $77.00 target price on ONE Gas and gave the stock a “sell” rating in a report on Tuesday, October 30th. ValuEngine raised ONE Gas from a “hold” rating to a “buy” rating in a report on Monday, October 8th. Finally, Wells Fargo & Co raised their price target on ONE Gas from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.83.
About ONE Gas
ONE Gas, Inc 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 serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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