Keybank National Association OH Decreases Stake in ONE Gas, Inc. (OGS)
Keybank National Association OH reduced its holdings in ONE Gas, Inc. (NYSE:OGS) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,921 shares of the utilities provider’s stock after selling 4,382 shares during the period. Keybank National Association OH’s holdings in ONE Gas were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of ONE Gas by 5.1% in the second quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock worth $127,367,000 after buying an additional 88,740 shares in the last quarter. Northern Trust Corp lifted its stake in shares of ONE Gas by 13.1% in the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock worth $89,998,000 after buying an additional 149,153 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of ONE Gas by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 716,527 shares of the utilities provider’s stock worth $50,021,000 after buying an additional 3,973 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ONE Gas by 41.6% in the second quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock worth $48,322,000 after buying an additional 203,201 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in shares of ONE Gas by 58.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock worth $39,795,000 after buying an additional 199,475 shares in the last quarter. 73.37% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on OGS. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday. BidaskClub upgraded shares of ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Jefferies Group LLC restated a “sell” rating and set a $62.00 price objective on shares of ONE Gas in a research report on Sunday, September 10th. Morgan Stanley raised their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday, August 10th. Finally, UBS AG cut shares of ONE Gas from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $71.00 to $72.00 in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.83.
Shares of ONE Gas, Inc. (NYSE:OGS) opened at $75.90 on Friday. ONE Gas, Inc. has a 12-month low of $56.89 and a 12-month high of $78.26. The stock has a market cap of $3,967.60, a PE ratio of 25.38, a P/E/G ratio of 4.03 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The firm had revenue of $247.14 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same period last year, the business earned $0.24 earnings per share. analysts predict that ONE Gas, Inc. will post 3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, November 10th. ONE Gas’s dividend payout ratio is presently 56.19%.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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