Citigroup Inc. lifted its stake in shares of ONE Gas Inc (NYSE:OGS) by 10.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,401 shares of the utilities provider’s stock after acquiring an additional 2,922 shares during the quarter. Citigroup Inc.’s holdings in ONE Gas were worth $2,706,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in ONE Gas by 2.5% during the fourth quarter. BlackRock Inc. now owns 6,267,260 shares of the utilities provider’s stock worth $498,875,000 after purchasing an additional 152,104 shares during the last quarter. Vanguard Group Inc boosted its holdings in ONE Gas by 0.7% in the third quarter. Vanguard Group Inc now owns 5,050,855 shares of the utilities provider’s stock valued at $415,584,000 after acquiring an additional 36,615 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ONE Gas by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 566,147 shares of the utilities provider’s stock valued at $45,065,000 after acquiring an additional 51,508 shares during the last quarter. Norges Bank acquired a new position in shares of ONE Gas during the fourth quarter worth about $30,453,000. Finally, FMR LLC lifted its stake in shares of ONE Gas by 3.2% during the fourth quarter. FMR LLC now owns 378,016 shares of the utilities provider’s stock worth $30,090,000 after purchasing an additional 11,729 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.
NYSE:OGS opened at $90.55 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a market capitalization of $4.68 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 4.40 and a beta of 0.35. ONE Gas Inc has a one year low of $69.20 and a one year high of $91.18.
ONE Gas (NYSE:OGS) last released its earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. The firm had revenue of $661.00 million during the quarter, compared to the consensus estimate of $625.25 million. During the same period in the prior year, the firm posted $1.72 earnings per share. As a group, equities research analysts predict that ONE Gas Inc will post 3.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, May 14th. ONE Gas’s payout ratio is 61.54%.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $89.04, for a total transaction of $44,520.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.76% of the company’s stock.
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ONE Gas Company Profile
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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