Prudential Financial Inc. lifted its holdings in ONE Gas Inc (NYSE:OGS) by 8.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,134 shares of the utilities provider’s stock after purchasing an additional 2,750 shares during the quarter. Prudential Financial Inc. owned about 0.07% of ONE Gas worth $3,263,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of OGS. Geode Capital Management LLC boosted its position in shares of ONE Gas by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 566,147 shares of the utilities provider’s stock worth $45,065,000 after purchasing an additional 51,508 shares in the last quarter. California Public Employees Retirement System raised its stake in ONE Gas by 1.4% in the 1st quarter. California Public Employees Retirement System now owns 91,334 shares of the utilities provider’s stock worth $8,131,000 after acquiring an additional 1,278 shares during the last quarter. Raymond James & Associates raised its stake in ONE Gas by 2.1% in the 1st quarter. Raymond James & Associates now owns 27,889 shares of the utilities provider’s stock worth $2,483,000 after acquiring an additional 567 shares during the last quarter. Mason Street Advisors LLC raised its stake in ONE Gas by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 27,957 shares of the utilities provider’s stock worth $2,489,000 after acquiring an additional 444 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in ONE Gas by 2.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,970 shares of the utilities provider’s stock worth $1,867,000 after acquiring an additional 445 shares during the last quarter. 75.63% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on OGS shares. Morgan Stanley set a $82.00 target price on ONE Gas and gave the stock a “sell” rating in a research note on Friday, August 16th. UBS Group upgraded ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 target price for the company in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.50.
Shares of NYSE OGS traded up $0.46 during trading on Monday, reaching $91.98. 2,302 shares of the company traded hands, compared to its average volume of 185,595. The firm’s fifty day simple moving average is $90.44 and its 200 day simple moving average is $89.28. The stock has a market cap of $4.80 billion, a P/E ratio of 28.28, a PEG ratio of 4.44 and a beta of 0.32. ONE Gas Inc has a 12-month low of $75.51 and a 12-month high of $93.04. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 0.61.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $290.56 million during the quarter, compared to analyst estimates of $294.20 million. ONE Gas had a return on equity of 8.66% and a net margin of 10.83%. During the same quarter last year, the business posted $0.39 EPS. As a group, research analysts expect that ONE Gas Inc will post 3.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were paid 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 2.17%. ONE Gas’s payout ratio is currently 61.54%.
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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