State of Tennessee Treasury Department lifted its stake in ONE Gas Inc (NYSE:OGS) by 10.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,485 shares of the utilities provider’s stock after acquiring an additional 2,851 shares during the period. State of Tennessee Treasury Department owned approximately 0.06% of ONE Gas worth $2,549,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in OGS. Bank of Montreal Can grew its stake in shares of ONE Gas by 30.2% in the fourth quarter. Bank of Montreal Can now owns 28,443 shares of the utilities provider’s stock worth $2,661,000 after acquiring an additional 6,604 shares during the last quarter. Alphasimplex Group LLC lifted its position in ONE Gas by 4.5% in the fourth quarter. Alphasimplex Group LLC now owns 5,084 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 220 shares during the period. Envestnet Asset Management Inc. lifted its position in ONE Gas by 5.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,311 shares of the utilities provider’s stock worth $1,620,000 after purchasing an additional 901 shares during the period. Mutual of America Capital Management LLC lifted its position in ONE Gas by 2.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 48,083 shares of the utilities provider’s stock worth $4,499,000 after purchasing an additional 1,060 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in ONE Gas by 19.6% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,647 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 597 shares during the period. Institutional investors and hedge funds own 79.13% of the company’s stock.
ONE Gas stock opened at $74.85 on Tuesday. The stock has a 50-day simple moving average of $78.87 and a 200 day simple moving average of $85.78. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.59. ONE Gas Inc has a 12-month low of $63.67 and a 12-month high of $96.97. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 3.77 and a beta of 0.29.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, April 27th. The utilities provider reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.06). The business had revenue of $528.20 million during the quarter, compared to the consensus estimate of $621.40 million. ONE Gas had a net margin of 12.16% and a return on equity of 8.67%. The business’s quarterly revenue was down 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, sell-side analysts anticipate that ONE Gas Inc will post 3.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $0.54 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.16 dividend on an annualized basis and a yield of 2.89%. ONE Gas’s payout ratio is 61.54%.
A number of research analysts have issued reports on OGS shares. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a report on Tuesday, May 19th. Sidoti cut their price objective on ONE Gas from $97.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Morgan Stanley cut their price objective on ONE Gas from $72.00 to $69.00 and set an “underweight” rating for the company in a report on Wednesday, June 17th. Finally, UBS Group cut their price objective on ONE Gas from $91.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $89.63.
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.
See Also: volatile stocks
Want to see what other hedge funds are holding OGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONE Gas Inc (NYSE:OGS).
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.