Hexagon Capital Partners LLC increased its holdings in ONE Gas, Inc. (NYSE:OGS – Free Report) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 977 shares of the utility company’s stock after acquiring an additional 174 shares during the quarter. Hexagon Capital Partners LLC’s holdings in ONE Gas were worth $62,000, according to its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of ONE Gas by 66.3% in the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utility company’s stock valued at $27,000 after acquiring an additional 169 shares during the period. Tidal Investments LLC increased its holdings in shares of ONE Gas by 6.1% in the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utility company’s stock valued at $228,000 after acquiring an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in ONE Gas by 0.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utility company’s stock valued at $1,597,000 after acquiring an additional 230 shares in the last quarter. GW Henssler & Associates Ltd. increased its holdings in ONE Gas by 7.4% in the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utility company’s stock valued at $222,000 after acquiring an additional 237 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of ONE Gas by 1.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utility company’s stock valued at $971,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.
Upgrades and downgrades by analysts
OGS has been the subject of several research reports. Mizuho raised their price target on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Wells Fargo & Company increased their price target on ONE Gas from $68.00 to $71.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. StockNews.com downgraded ONE Gas from “hold” to “sell” in a research report on Saturday, July 20th. Finally, Morgan Stanley reduced their price target on shares of ONE Gas from $61.00 to $58.00 and gave the stock an “equal weight” rating in a report on Monday, June 24th. Three analysts rated the stock a “sell”, four gave a “hold” rating and one gave the stock an “equal weight” rating in a report on Monday, June 24th. Three analysts rated the stock a “sell” rating, four gave a “hold” rating and one gave the stock an “equal weight” rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.69.
Get our latest report on OGS
ONE Gas trading increases by 0.6%
NYSE OGS opened at $67.70 on Monday. The company has a market cap of $3.83 billion, a P/E ratio of 16.72, a PEG ratio of 3.62 and a beta of 0.66. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $77.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39. The company has a 50 day moving average of $64.64 and a 200 day moving average of $63.07.
ONE Gas (NYSE:OGS – Get Free Report) last released its quarterly earnings results on Monday, August 5. The utility provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The company’s revenue for the quarter declined 11.0% year-over-year. During the same period last year, the company reported earnings per share of $0.58. As a group, equities analysts forecast that ONE Gas, Inc. will post earnings per share of $3.85 for the current year.
Dividend announcement for ONE Gas
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will receive a dividend of $0.66 per share. This represents an annualized dividend of $2.64 and a yield of 3.90%. The ex-dividend date is Wednesday, August 14th. ONE Gas’s dividend payout ratio (DPR) is currently 65.19%.
About ONE Gas
(Free report)
ONE Gas, Inc., together with its subsidiaries, is a regulated natural gas utility in the United States. The company supplies natural gas to approximately 2.3 million customers in Oklahoma, Kansas and Texas. It serves residential, commercial and transportation customers.
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