BTIM Corp. Sells 4,689 Shares of ONE Gas Inc. (OGS)
BTIM Corp. reduced its position in ONE Gas Inc. (NYSE:OGS) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 765,574 shares of the company’s stock after selling 4,689 shares during the period. BTIM Corp.’s holdings in ONE Gas were worth $47,343,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Dorsey Wright & Associates raised its stake in shares of ONE Gas by 0.4% in the third quarter. Dorsey Wright & Associates now owns 19,899 shares of the company’s stock valued at $1,231,000 after buying an additional 71 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of ONE Gas by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,480 shares of the company’s stock valued at $1,896,000 after buying an additional 100 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of ONE Gas by 0.5% in the second quarter. State Treasurer State of Michigan now owns 20,957 shares of the company’s stock valued at $1,396,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of ONE Gas by 2.7% in the second quarter. Capstone Asset Management Co. now owns 4,532 shares of the company’s stock valued at $302,000 after buying an additional 120 shares in the last quarter. Finally, Creative Planning raised its stake in shares of ONE Gas by 0.8% in the third quarter. Creative Planning now owns 16,266 shares of the company’s stock valued at $1,006,000 after buying an additional 125 shares in the last quarter. 71.92% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas Inc. (NYSE:OGS) traded down 0.67% during midday trading on Wednesday, reaching $62.23. The company had a trading volume of 22,567 shares. ONE Gas Inc. has a 52-week low of $45.89 and a 52-week high of $67.35. The company’s 50-day moving average is $59.72 and its 200 day moving average is $61.70. The company has a market cap of $3.25 billion, a PE ratio of 24.02 and a beta of 0.14.
ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. ONE Gas had a return on equity of 7.36% and a net margin of 9.95%. During the same period in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts forecast that ONE Gas Inc. will post $2.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.23%. ONE Gas’s dividend payout ratio (DPR) is currently 54.26%.
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Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, August 4th. Wells Fargo & Co. assumed coverage on ONE Gas in a report on Tuesday, August 30th. They set a “market perform” rating for the company. Seaport Global Securities assumed coverage on ONE Gas in a report on Friday, November 18th. They set a “neutral” rating and a $60.00 price target for the company. Finally, Jefferies Group upgraded ONE Gas from an “underperform” rating to a “hold” rating and set a $53.00 target price for the company in a report on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. ONE Gas has a consensus rating of “Hold” and an average target price of $59.20.
In related news, Director Eduardo A. Rodriguez sold 1,325 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $60.96, for a total transaction of $80,772.00. Following the completion of the transaction, the director now directly owns 8,060 shares in the company, valued at $491,337.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.25% of the stock is owned by company insiders.
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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