grace capital trimmed its holdings in ONE Gas Inc (NYSE:OGS) by 19.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,681 shares of the utilities provider’s stock after selling 2,860 shares during the period. grace capital’s holdings in ONE Gas were worth $930,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quantamental Technologies LLC acquired a new position in shares of ONE Gas in the 4th quarter valued at about $127,000. Oppenheimer Asset Management Inc. acquired a new position in shares of ONE Gas in the 4th quarter valued at about $158,000. Nachman Norwood & Parrott Inc acquired a new position in shares of ONE Gas in the 4th quarter valued at about $233,000. Two Sigma Securities LLC lifted its stake in shares of ONE Gas by 16.4% in the 4th quarter. Two Sigma Securities LLC now owns 2,988 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 422 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of ONE Gas by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,115 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 229 shares in the last quarter. 76.24% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas stock opened at $89.24 on Monday. The company has a market cap of $4.69 billion, a P/E ratio of 27.46, a P/E/G ratio of 4.45 and a beta of 0.37. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 0.63. ONE Gas Inc has a one year low of $63.45 and a one year high of $90.25.
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a yield of 2.24%. ONE Gas’s payout ratio is 61.54%.
In related news, Director Eduardo A. Rodriguez sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $89.04, for a total transaction of $44,520.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.62% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Morgan Stanley reduced their price objective on ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 12th. Finally, UBS Group set a $78.00 price objective on ONE Gas and gave the company a “sell” rating in a research note on Friday, December 14th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. ONE Gas has a consensus rating of “Hold” and a consensus target price of $76.67.
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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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