ONE Gas, Inc. (NYSE:OGS) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in ONE Gas, Inc. (NYSE:OGS) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,864 shares of the utilities provider’s stock after selling 1,515 shares during the period. Amalgamated Bank’s holdings in ONE Gas were worth $1,925,000 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 OGS. Hexagon Capital Partners LLC boosted its stake in shares of ONE Gas by 21.7% in the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares in the last quarter. Tidal Investments LLC lifted its holdings in ONE Gas by 6.1% in the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 206 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of ONE Gas by 0.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares in the last quarter. CWM LLC grew its stake in shares of ONE Gas by 17.3% during the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 248 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 0.4 %

OGS stock opened at $75.30 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.32. The company’s 50 day simple moving average is $72.54 and its 200-day simple moving average is $67.50. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $76.34. The firm has a market capitalization of $4.27 billion, a PE ratio of 19.61, a P/E/G ratio of 3.78 and a beta of 0.67.

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

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.51%. ONE Gas’s dividend payout ratio is currently 68.75%.

Analyst Ratings Changes

A number of research firms recently commented on OGS. Wells Fargo & Company decreased their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, ONE Gas has an average rating of “Hold” and an average price target of $68.10.

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.