ONE Gas, Inc. (NYSE:OGS) Position Reduced by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,292 shares of the utilities provider’s stock after selling 31,777 shares during the period. ProShare Advisors LLC owned about 1.06% of ONE Gas worth $38,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in ONE Gas in the fourth quarter valued at about $30,395,000. Energy Income Partners LLC increased its holdings in shares of ONE Gas by 52.9% in the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock valued at $68,317,000 after acquiring an additional 366,363 shares during the last quarter. American Century Companies Inc. raised its position in shares of ONE Gas by 6.3% during 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 acquiring an additional 272,923 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of ONE Gas during the 1st quarter valued at approximately $16,939,000. Finally, First Trust Advisors LP lifted its stake in ONE Gas by 15.3% during the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after purchasing an additional 147,471 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OGS. Mizuho increased 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. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Wells Fargo & Company raised shares of ONE Gas from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $71.00 to $80.00 in a report on Wednesday, September 11th. Finally, Morgan Stanley decreased their target price on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.64.

ONE Gas Trading Down 0.1 %

ONE Gas stock opened at $73.54 on Monday. ONE Gas, Inc. has a 52-week low of $55.50 and a 52-week high of $74.61. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 3.84 and a beta of 0.66. The firm has a 50-day moving average price of $69.07 and a two-hundred day moving average price of $64.98.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The business’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Sell-side analysts expect that ONE Gas, Inc. will post 3.84 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, August 14th. ONE Gas’s dividend payout ratio is currently 65.19%.

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.