Alpha Windward LLC cut its position in ONE Gas, Inc. (NYSE:OGS) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,191 shares of the utilities provider’s stock after selling 482 shares during the period. Alpha Windward LLC’s holdings in ONE Gas were worth $502,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in shares of ONE Gas by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,158 shares of the utilities provider’s stock worth $1,227,000 after buying an additional 300 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of ONE Gas by 43.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 21,360 shares of the utilities provider’s stock worth $1,444,000 after buying an additional 6,419 shares in the last quarter. Hennessy Advisors Inc. raised its stake in shares of ONE Gas by 2.6% in the first quarter. Hennessy Advisors Inc. now owns 444,525 shares of the utilities provider’s stock worth $30,050,000 after buying an additional 11,200 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of ONE Gas by 169.7% in the first quarter. Russell Investments Group Ltd. now owns 124,625 shares of the utilities provider’s stock worth $8,421,000 after buying an additional 78,418 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of ONE Gas during the first quarter worth approximately $150,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of ONE Gas, Inc. (NYSE OGS) traded down 0.80% during trading on Friday, reaching $73.99. 308,876 shares of the company were exchanged. The firm’s 50 day moving average price is $71.51 and its 200 day moving average price is $68.62. The company has a market capitalization of $3.87 billion, a PE ratio of 25.78 and a beta of 0.12. ONE Gas, Inc. has a one year low of $55.98 and a one year high of $74.72.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.03. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same quarter last year, the business posted $0.38 earnings per share. ONE Gas’s revenue was up 13.7% on a year-over-year basis. Equities research analysts forecast that ONE Gas, Inc. will post $2.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 10th. ONE Gas’s dividend payout ratio (DPR) is presently 58.54%.
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A number of analysts have recently commented on the stock. Morgan Stanley boosted their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday. BidaskClub raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.67.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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