ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 65.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,685 shares of the utilities provider’s stock after acquiring an additional 5,428 shares during the period. Pacer Advisors Inc.’s holdings in ONE Gas were worth $874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGS. Rothschild Investment LLC acquired a new position in shares of ONE Gas in the 2nd quarter worth approximately $30,000. Jones Financial Companies Lllp increased its holdings in shares of ONE Gas by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after buying an additional 337 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of ONE Gas by 147.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 479 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of ONE Gas during the 2nd quarter worth $64,000. Finally, CWM LLC grew its holdings in shares of ONE Gas by 72.1% in the 2nd quarter. CWM LLC now owns 1,432 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 600 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Up 0.7 %

ONE Gas stock opened at $74.20 on Friday. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $74.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The firm has a market cap of $4.20 billion, a PE ratio of 18.32, a P/E/G ratio of 3.87 and a beta of 0.66. The firm’s 50 day moving average price is $69.66 and its two-hundred day moving average price is $65.34.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The firm had revenue of $354.14 million for the quarter, compared to analysts’ expectations of $362.06 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. ONE Gas’s revenue was down 11.0% on a year-over-year basis. On average, research analysts predict that ONE Gas, Inc. will post 3.84 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a yield of 3.56%. ONE Gas’s dividend payout ratio is currently 65.19%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Mizuho increased their price target on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Wells Fargo & Company upgraded shares of ONE Gas from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.21.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.