Miller Howard Investments Inc. NY reduced its stake in ONE Gas Inc (NYSE:OGS) by 75.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,339 shares of the utilities provider’s stock after selling 35,710 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in ONE Gas were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of the business. 6 Meridian lifted its position in ONE Gas by 2.1% during the second quarter. 6 Meridian now owns 5,973 shares of the utilities provider’s stock valued at $539,000 after buying an additional 121 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of ONE Gas by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock valued at $1,255,000 after acquiring an additional 200 shares during the period. Magellan Asset Management Ltd lifted its holdings in ONE Gas by 0.6% in the 4th quarter. Magellan Asset Management Ltd now owns 38,024 shares of the utilities provider’s stock worth $3,027,000 after purchasing an additional 212 shares in the last quarter. Tortoise Index Solutions LLC lifted its holdings in ONE Gas by 0.4% in the 1st quarter. Tortoise Index Solutions LLC now owns 58,225 shares of the utilities provider’s stock worth $5,184,000 after purchasing an additional 245 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of ONE Gas by 1.1% during the 4th quarter. Nordea Investment Management AB now owns 28,300 shares of the utilities provider’s stock worth $2,253,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
NYSE:OGS traded up $1.20 during midday trading on Friday, hitting $90.98. 1,156 shares of the company traded hands, compared to its average volume of 142,977. The firm has a fifty day moving average price of $90.92. ONE Gas Inc has a 12-month low of $74.34 and a 12-month high of $92.66. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 4.50 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.78 and a quick ratio of 0.71.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. The business had revenue of $661.00 million for the quarter, compared to the consensus estimate of $625.25 million. During the same quarter in the prior year, the company earned $1.72 EPS. On average, analysts anticipate that ONE Gas Inc will post 3.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, August 9th. ONE Gas’s payout ratio is 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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