Barber Financial Group Inc. acquired a new position in shares of ONE Gas Inc (NYSE:OGS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,257 shares of the utilities provider’s stock, valued at approximately $491,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its position in ONE Gas by 8.6% in the second quarter. WINTON GROUP Ltd now owns 257,609 shares of the utilities provider’s stock valued at $23,262,000 after purchasing an additional 20,467 shares during the period. Scout Investments Inc. raised its position in ONE Gas by 7.6% in the second quarter. Scout Investments Inc. now owns 565,066 shares of the utilities provider’s stock valued at $51,025,000 after purchasing an additional 39,744 shares during the period. Arbor Investment Advisors LLC purchased a new stake in ONE Gas in the second quarter valued at $226,000. 6 Meridian raised its position in ONE Gas by 2.1% in the second quarter. 6 Meridian now owns 5,973 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 121 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in ONE Gas by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 21,371 shares of the utilities provider’s stock valued at $1,930,000 after purchasing an additional 401 shares during the period. 75.50% of the stock is currently owned by institutional investors.
OGS stock opened at $86.32 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.65 billion, a PE ratio of 26.56, a P/E/G ratio of 4.14 and a beta of 0.26. ONE Gas Inc has a 12-month low of $75.51 and a 12-month high of $96.66. The business’s fifty day moving average price is $93.89 and its 200 day moving average price is $90.91.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $248.56 million during the quarter, compared to analysts’ expectations of $254.15 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.63%. During the same quarter in the prior year, the firm posted $0.31 EPS. Research analysts predict that ONE Gas Inc will post 3.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. ONE Gas’s dividend payout ratio is presently 61.54%.
A number of research firms have commented on OGS. Morgan Stanley reduced their target price on ONE Gas from $85.00 to $83.00 and set an “underweight” rating on the stock in a research report on Friday. UBS Group upgraded ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 target price on the stock in a research report on Tuesday, September 10th. ValuEngine downgraded ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Mizuho began coverage on ONE Gas in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $96.00 target price on the stock. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $89.67.
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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