Pathstone Holdings LLC Boosts Position in ONE Gas, Inc. (NYSE:OGS)

Pathstone Holdings LLC lifted its position in ONE Gas, Inc. (NYSE:OGS) by 113.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,681 shares of the utilities provider’s stock after buying an additional 12,060 shares during the quarter. Pathstone Holdings LLC’s holdings in ONE Gas were worth $1,688,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the period. Victory Capital Management Inc. raised its position in shares of ONE Gas by 0.7% in the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after buying an additional 10,189 shares in the last quarter. Boston Trust Walden Corp boosted its stake in ONE Gas by 10.4% during the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after buying an additional 98,489 shares during the period. Dimensional Fund Advisors LP grew its position in ONE Gas by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock worth $57,308,000 after buying an additional 61,192 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in ONE Gas by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 792,440 shares of the utilities provider’s stock worth $50,597,000 after acquiring an additional 20,065 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OGS. Wells Fargo & Company dropped their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price 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, September 25th. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Two investment 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.10.

ONE Gas Stock Up 0.8 %

Shares of OGS opened at $77.59 on Thursday. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock has a 50 day simple moving average of $73.76 and a two-hundred day simple moving average of $68.40. The firm has a market cap of $4.40 billion, a P/E ratio of 20.05 and a beta of 0.67.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data 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). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.40%. ONE Gas’s payout ratio is 68.75%.

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.