Xponance Inc. Sells 314 Shares of ONE Gas, Inc. (NYSE:OGS)

Xponance Inc. reduced its position in shares of ONE Gas, Inc. (NYSE:OGS) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,634 shares of the utilities provider’s stock after selling 314 shares during the period. Xponance Inc.’s holdings in ONE Gas were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Energy Income Partners LLC lifted its holdings in shares of ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares in the last quarter. American Century Companies Inc. increased its position in ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after acquiring an additional 272,923 shares during the period. Zimmer Partners LP bought a new stake in ONE Gas in the 1st quarter valued at about $16,939,000. First Trust Advisors LP grew its position in shares of ONE Gas by 15.3% during the 4th 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 in the last quarter. Finally, Jane Street Group LLC grew its position in shares of ONE Gas by 283.6% during the 1st quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock worth $12,469,000 after purchasing an additional 142,865 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

NYSE:OGS opened at $74.46 on Tuesday. 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 $4.22 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $74.99. The stock’s 50-day simple moving average is $69.66 and its 200 day simple moving average is $65.38.

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

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Wednesday, August 14th. ONE Gas’s dividend payout ratio (DPR) is 65.19%.

Wall Street Analysts Forecast Growth

OGS has been the subject of several recent research reports. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Mizuho upped their target price on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Morgan Stanley raised their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company raised shares of ONE Gas from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.21.

ONE Gas 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.