Pacer Advisors Inc. acquired a new position in shares of ONE Gas Inc (NYSE:OGS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,919 shares of the utilities provider’s stock, valued at approximately $1,889,000.
Other institutional investors have also added to or reduced their stakes in the company. Alpha Windward LLC acquired a new stake in shares of ONE Gas during the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ONE Gas during the 2nd quarter valued at $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of ONE Gas by 81.8% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,122 shares of the utilities provider’s stock valued at $188,000 after purchasing an additional 955 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of ONE Gas in the 2nd quarter valued at $206,000. Finally, Weiss Asset Management LP acquired a new position in shares of ONE Gas in the 1st quarter valued at $208,000. Institutional investors own 75.66% of the company’s stock.
A number of equities research analysts recently commented on OGS shares. UBS Group raised ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 price objective for the company in a research note on Tuesday. Morgan Stanley set a $82.00 target price on ONE Gas and gave the company a “sell” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.50.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. ONE Gas had a net margin of 10.83% and a return on equity of 8.66%. The firm had revenue of $290.56 million during the quarter, compared to analysts’ expectations of $294.20 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, equities research analysts anticipate that ONE Gas Inc will post 3.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. ONE Gas’s dividend payout ratio is 61.54%.
In other news, insider Jeffrey J. Husen sold 300 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $89.64, for a total value of $26,892.00. Following the completion of the transaction, the insider now owns 1,787 shares of the company’s stock, valued at approximately $160,186.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.76% of the stock is owned by insiders.
ONE Gas 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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