Eduardo A. Rodriguez Sells 1,325 Shares of ONE Gas Inc. (OGS) Stock
ONE Gas Inc. (NYSE:OGS) Director Eduardo A. Rodriguez sold 1,325 shares of ONE Gas stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $60.96, for a total value of $80,772.00. Following the transaction, the director now directly owns 8,060 shares in the company, valued at approximately $491,337.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ONE Gas Inc. (NYSE:OGS) opened at 63.70 on Thursday. The company’s 50-day moving average price is $62.13 and its 200-day moving average price is $61.50. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 25.60 and a beta of 0.11. ONE Gas Inc. has a one year low of $43.39 and a one year high of $67.35.
ONE Gas (NYSE:OGS) last announced its earnings results on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.07. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The firm earned $245.92 million during the quarter, compared to analyst estimates of $289.73 million. During the same quarter in the prior year, the company earned $0.23 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that ONE Gas Inc. will post $2.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 11th. ONE Gas’s dividend payout ratio is currently 56.45%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of ONE Gas during the second quarter valued at about $1,584,000. Schwab Charles Investment Management Inc. raised its position in shares of ONE Gas by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 252,478 shares of the company’s stock valued at $16,813,000 after buying an additional 9,494 shares in the last quarter. Amalgamated Bank raised its position in shares of ONE Gas by 10.0% in the second quarter. Amalgamated Bank now owns 6,473 shares of the company’s stock valued at $406,000 after buying an additional 590 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of ONE Gas by 1.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 84,068 shares of the company’s stock valued at $5,598,000 after buying an additional 1,586 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of ONE Gas by 48.1% in the second quarter. AQR Capital Management LLC now owns 498,211 shares of the company’s stock valued at $33,176,000 after buying an additional 161,907 shares in the last quarter. 71.71% of the stock is owned by hedge funds and other institutional investors.
OGS has been the topic of several analyst reports. Wells Fargo & Co. initiated coverage on ONE Gas in a research report on Tuesday, August 30th. They set a “market perform” rating on the stock. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, July 13th. BB&T Corp. began coverage on ONE Gas in a report on Wednesday, June 22nd. They set a “hold” rating on the stock. Finally, Jefferies Group lowered ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 price target on the stock. in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.00.
ONE Gas Company Profile
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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