Federated Hermes Inc. Has $3.47 Million Stock Position in ONE Gas, Inc. $OGS

Federated Hermes Inc. increased its position in ONE Gas, Inc. (NYSE:OGS) by 269.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 42,902 shares of the utilities provider’s stock after purchasing an additional 31,275 shares during the quarter. Federated Hermes Inc.’s holdings in ONE Gas were worth $3,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after acquiring an additional 1,490,492 shares during the period. Geode Capital Management LLC lifted its holdings in shares of ONE Gas by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock worth $106,290,000 after purchasing an additional 84,296 shares in the last quarter. Boston Trust Walden Corp grew its position in ONE Gas by 1.7% in the 2nd quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider’s stock valued at $76,952,000 after purchasing an additional 18,180 shares during the period. Bank of New York Mellon Corp increased its stake in ONE Gas by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock valued at $58,547,000 after purchasing an additional 27,713 shares in the last quarter. Finally, Energy Income Partners LLC increased its stake in ONE Gas by 6.4% during the 2nd quarter. Energy Income Partners LLC now owns 692,487 shares of the utilities provider’s stock valued at $49,762,000 after purchasing an additional 41,678 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Jefferies Financial Group raised their price target on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley reiterated an “underperform” rating and set a $73.00 price target on shares of ONE Gas in a research note on Wednesday, January 21st. Bank of America increased their price objective on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Mizuho raised their target price on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.57.

ONE Gas Trading Up 0.9%

NYSE:OGS opened at $80.62 on Wednesday. ONE Gas, Inc. has a 52 week low of $68.58 and a 52 week high of $83.96. The firm has a 50-day moving average price of $78.47 and a two-hundred day moving average price of $78.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $379.13 million for the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. On average, equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a $0.68 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 20th. ONE Gas’s payout ratio is presently 62.47%.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.