Teachers Retirement System of The State of Kentucky lowered its position in ONE Gas Inc (NYSE:OGS) by 7.8% during the fourth quarter, Holdings Channel reports. The fund owned 13,000 shares of the company’s stock after selling 1,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ONE Gas were worth $831,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of ONE Gas during the fourth quarter worth $7,124,000. Bowling Portfolio Management LLC raised its position in shares of ONE Gas by 5.8% in the fourth quarter. Bowling Portfolio Management LLC now owns 6,822 shares of the company’s stock worth $436,000 after buying an additional 375 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of ONE Gas by 4.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,671 shares of the company’s stock worth $234,000 after buying an additional 164 shares during the last quarter. AQR Capital Management LLC raised its position in shares of ONE Gas by 13.7% in the fourth quarter. AQR Capital Management LLC now owns 802,349 shares of the company’s stock worth $51,318,000 after buying an additional 96,673 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of ONE Gas by 31.3% in the fourth quarter. Guggenheim Capital LLC now owns 148,254 shares of the company’s stock worth $9,483,000 after buying an additional 35,335 shares during the last quarter. 72.46% of the stock is currently owned by institutional investors.
Shares of ONE Gas Inc (NYSE:OGS) opened at 66.61 on Wednesday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 25.14 and a beta of 0.11. The company has a 50-day moving average price of $64.83 and a 200-day moving average price of $62.40. ONE Gas Inc has a 52-week low of $55.98 and a 52-week high of $67.35.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. ONE Gas had a return on equity of 7.36% and a net margin of 9.95%. The business had revenue of $440.75 million for the quarter, compared to analyst estimates of $444.73 million. During the same period last year, the company earned $0.74 EPS. ONE Gas’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that ONE Gas Inc will post $2.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were given a $0.42 dividend. This is a positive change from ONE Gas’s previous quarterly dividend of $0.35. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Wednesday, February 22nd. ONE Gas’s dividend payout ratio (DPR) is currently 54.26%.
A number of brokerages have recently weighed in on OGS. TheStreet raised ONE Gas from a “c-” rating to a “b-” rating in a research report on Wednesday, February 22nd. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Saturday, January 14th. Jefferies Group LLC lowered ONE Gas from a “hold” rating to an “underperform” rating and upped their target price for the stock from $53.00 to $54.00 in a research report on Thursday, January 12th. Finally, Ladenburg Thalmann Financial Services began coverage on ONE Gas in a research report on Friday, December 9th. They set a “neutral” rating and a $62.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $61.50.
About ONE Gas
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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