State of Alaska Department of Revenue Has $479,000 Stake in ONE Gas, Inc. (NYSE:OGS)

State of Alaska Department of Revenue increased its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 7.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,438 shares of the utilities provider’s stock after buying an additional 445 shares during the quarter. State of Alaska Department of Revenue’s holdings in ONE Gas were worth $479,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Hexagon Capital Partners LLC boosted its position in shares of ONE Gas by 21.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Tidal Investments LLC raised its stake in ONE Gas by 6.1% during the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after acquiring an additional 230 shares in the last quarter. GW Henssler & Associates Ltd. lifted its holdings in shares of ONE Gas by 7.4% in the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 237 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Stock Up 0.7 %

Shares of OGS opened at $73.34 on Friday. The stock’s 50-day moving average price is $72.42 and its two-hundred day moving average price is $67.39. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $75.37. The company has a market capitalization of $4.15 billion, a PE ratio of 19.10, a PEG ratio of 3.83 and a beta of 0.67. The company has a current ratio of 0.50, a quick ratio of 0.32 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s dividend payout ratio is 68.75%.

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.