DekaBank Deutsche Girozentrale lifted its position in ONE Gas, Inc. (NYSE:OGS) by 15.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 23,193 shares of the utilities provider’s stock after acquiring an additional 3,123 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in ONE Gas were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in ONE Gas by 42.9% during the fourth quarter. Captrust Financial Advisors now owns 496 shares of the utilities provider’s stock valued at $38,000 after buying an additional 149 shares during the period. Fruth Investment Management grew its position in shares of ONE Gas by 3.1% during the 1st quarter. Fruth Investment Management now owns 4,933 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 150 shares during the period. Miller Howard Investments Inc. NY increased its stake in shares of ONE Gas by 1.5% in the 1st quarter. Miller Howard Investments Inc. NY now owns 11,566 shares of the utilities provider’s stock valued at $890,000 after purchasing an additional 171 shares in the last quarter. CI Investments Inc. increased its stake in shares of ONE Gas by 58.5% in the 4th quarter. CI Investments Inc. now owns 623 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 230 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in ONE Gas by 0.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 38,911 shares of the utilities provider’s stock worth $2,987,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 79.04% of the company’s stock.
Several brokerages have recently weighed in on OGS. Morgan Stanley upped their target price on ONE Gas from $76.00 to $77.00 and gave the stock an “underweight” rating in a research note on Monday, April 26th. Edward Jones assumed coverage on shares of ONE Gas in a research report on Tuesday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company lifted their target price on shares of ONE Gas from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. Bank of America restated an “underperform” rating on shares of ONE Gas in a research report on Monday, March 15th. Finally, UBS Group reiterated a “neutral” rating and issued a $80.00 price objective (up from $79.00) on shares of ONE Gas in a report on Monday, March 29th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. ONE Gas presently has an average rating of “Hold” and an average price target of $80.50.
ONE Gas (NYSE:OGS) last released its earnings results on Sunday, May 2nd. The utilities provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.02). The firm had revenue of $625.90 million during the quarter, compared to analyst estimates of $589.57 million. ONE Gas had a net margin of 12.63% and a return on equity of 8.69%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. On average, equities analysts anticipate that ONE Gas, Inc. will post 3.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Monday, May 17th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, May 14th. ONE Gas’s payout ratio is 66.10%.
About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. The company serves residential, commercial, and transportation customers.
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