Vanguard Personalized Indexing Management LLC Has $321,000 Stake in ONE Gas, Inc. (NYSE:OGS)

Vanguard Personalized Indexing Management LLC reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 15.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,234 shares of the utilities provider’s stock after selling 969 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ONE Gas were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OGS. Norges Bank bought a new position in ONE Gas in the 4th quarter valued at $30,395,000. Corient Private Wealth LLC raised its position in shares of ONE Gas by 18.4% during the fourth quarter. Corient Private Wealth LLC now owns 8,126 shares of the utilities provider’s stock worth $518,000 after acquiring an additional 1,263 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of ONE Gas by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 337 shares during the period. First Trust Advisors LP boosted its holdings in ONE Gas by 15.3% in the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock valued at $70,657,000 after acquiring an additional 147,471 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its position in ONE Gas by 2.2% in the fourth quarter. Magellan Asset Management Ltd now owns 39,593 shares of the utilities provider’s stock worth $2,523,000 after purchasing an additional 834 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 0.7 %

ONE Gas stock opened at $74.20 on Friday. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.87 and a beta of 0.66. The company’s 50 day simple moving average is $69.66 and its 200 day simple moving average is $65.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $74.99.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $362.06 million. During the same period in the prior year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 3.84 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid 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 payout ratio is 65.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OGS shares. Wells Fargo & Company upgraded shares of ONE Gas from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $80.00 in a research report on Wednesday, September 11th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Morgan Stanley raised their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Mizuho lifted their target price on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.21.

ONE Gas Company Profile

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.