Rockefeller Capital Management L.P. Acquires 60,922 Shares of ONE Gas, Inc. (NYSE:OGS)

Rockefeller Capital Management L.P. grew its holdings in ONE Gas, Inc. (NYSE:OGS) by 32.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 249,920 shares of the utilities provider’s stock after purchasing an additional 60,922 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ONE Gas were worth $18,599,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners acquired a new position in ONE Gas in the 1st quarter worth about $708,000. Pathstone Holdings LLC increased its holdings in ONE Gas by 113.5% in the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock worth $1,688,000 after purchasing an additional 12,060 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in ONE Gas by 19.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock worth $20,037,000 after purchasing an additional 50,515 shares in the last quarter. abrdn plc increased its holdings in ONE Gas by 3.0% in the 3rd quarter. abrdn plc now owns 327,405 shares of the utilities provider’s stock worth $24,365,000 after purchasing an additional 9,487 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in ONE Gas by 4,820.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 95,409 shares of the utilities provider’s stock worth $5,982,000 after purchasing an additional 93,470 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 0.5 %

Shares of ONE Gas stock opened at $77.97 on Monday. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock’s 50-day moving average is $74.02 and its 200 day moving average is $68.69. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 20.30 and a beta of 0.67.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.39%. ONE Gas’s payout ratio is 68.75%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OGS. Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus price target of $68.10.

About ONE Gas

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.