ONE Gas, Inc. (NYSE:OGS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in ONE Gas, Inc. (NYSE:OGS) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,540 shares of the utilities provider’s stock after selling 22,421 shares during the period. Jane Street Group LLC’s holdings in ONE Gas were worth $4,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC raised its stake in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after buying an additional 266 shares in the last quarter. Rothschild Investment LLC acquired a new stake in ONE Gas in the second quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position in shares of ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of ONE Gas in the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on OGS shares. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a report on Friday, December 6th. Bank of America started coverage on ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. Morgan Stanley upped their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company cut their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $72.69.

ONE Gas Trading Down 5.0 %

Shares of OGS stock opened at $66.96 on Thursday. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.44 and a beta of 0.70. The firm has a 50-day moving average price of $73.81 and a 200 day moving average price of $69.62. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last posted 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 net margin of 10.52% and a return on equity of 7.71%. The firm had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same period in the prior year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Research analysts forecast that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm 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 3.94%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) 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.