Bank of Montreal Can Sells 872 Shares of ONE Gas, Inc. (NYSE:OGS)

Bank of Montreal Can lowered its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,137 shares of the utilities provider’s stock after selling 872 shares during the quarter. Bank of Montreal Can’s holdings in ONE Gas were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC increased its position 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 buying an additional 206 shares during the last quarter. CWM LLC raised its stake 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 valued at $91,000 after acquiring an additional 600 shares in the last quarter. SG Americas Securities LLC lifted its holdings in ONE Gas by 44.0% in the 2nd quarter. SG Americas Securities LLC now owns 9,369 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 2,861 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in ONE Gas by 21.7% during the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares during the period. Finally, Diversified Trust Co grew its holdings in ONE Gas by 6.0% during the second quarter. Diversified Trust Co now owns 10,823 shares of the utilities provider’s stock valued at $691,000 after purchasing an additional 615 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

NYSE:OGS opened at $74.04 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The company has a fifty day moving average price of $74.13 and a 200 day moving average price of $68.94. The stock has a market cap of $4.19 billion, a P/E ratio of 19.28 and a beta of 0.70.

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

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

OGS has been the subject of a number of analyst reports. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.10.

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.