LS Investment Advisors LLC decreased its stake in ONE Gas, Inc. (NYSE:OGS) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,516 shares of the utilities provider’s stock after selling 30 shares during the period. LS Investment Advisors LLC’s holdings in ONE Gas were worth $238,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of OGS. Norges Bank purchased a new stake in ONE Gas during the fourth quarter valued at $28,935,000. The Manufacturers Life Insurance Company purchased a new stake in ONE Gas during the third quarter valued at $19,615,000. Teachers Advisors LLC boosted its stake in ONE Gas by 249.5% in the fourth quarter. Teachers Advisors LLC now owns 331,249 shares of the utilities provider’s stock valued at $21,187,000 after buying an additional 236,481 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in ONE Gas by 312.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 197,095 shares of the utilities provider’s stock valued at $13,324,000 after buying an additional 149,310 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in ONE Gas during the fourth quarter valued at $7,124,000. 73.47% of the stock is owned by hedge funds and other institutional investors.
Shares of ONE Gas, Inc. (NYSE:OGS) opened at 72.23 on Friday. ONE Gas, Inc. has a one year low of $55.98 and a one year high of $72.97. The company has a 50-day moving average price of $69.94 and a 200 day moving average price of $66.30. The company has a market capitalization of $3.79 billion, a PE ratio of 25.17 and a beta of 0.11.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. ONE Gas had a return on equity of 8.02% and a net margin of 10.33%. The business had revenue of $550.41 million for the quarter, compared to the consensus estimate of $582.25 million. During the same period in the prior year, the business posted $1.22 earnings per share. Equities analysts anticipate that ONE Gas, Inc. will post $2.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.68 dividend on an annualized basis and a yield of 2.33%. ONE Gas’s dividend payout ratio (DPR) is presently 58.74%.
OGS has been the topic of several research reports. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday, May 10th. Morgan Stanley boosted their price target on ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. TheStreet upgraded ONE Gas from a “c-” rating to a “b-” rating in a report on Wednesday, February 22nd. Finally, Jefferies Group LLC restated a “sell” rating and set a $59.00 price target on shares of ONE Gas in a report on Friday, March 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.60.
In other ONE Gas news, Director Michael G. Hutchinson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $69.28, for a total transaction of $69,280.00. Following the sale, the director now directly owns 5,838 shares in the company, valued at $404,456.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eduardo A. Rodriguez sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $67.76, for a total value of $108,416.00. Following the sale, the director now owns 6,460 shares in the company, valued at $437,729.60. The disclosure for this sale can be found here. Corporate insiders own 1.25% of the company’s stock.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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