Steward Partners Investment Advisory LLC boosted its stake in ONE Gas Inc (NYSE:OGS) by 176.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 955 shares of the utilities provider’s stock after purchasing an additional 610 shares during the period. Steward Partners Investment Advisory LLC’s holdings in ONE Gas were worth $91,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in OGS. Alpha Windward LLC purchased a new position in ONE Gas in the 2nd quarter worth approximately $26,000. NumerixS Investment Technologies Inc purchased a new position in ONE Gas in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. purchased a new position in ONE Gas in the 3rd quarter worth approximately $31,000. Nomura Asset Management Co. Ltd. purchased a new position in ONE Gas in the 2nd quarter worth approximately $47,000. Finally, Cohen & Steers Inc. purchased a new position in ONE Gas in the 2nd quarter worth approximately $60,000. 75.50% of the stock is currently owned by institutional investors and hedge funds.
OGS opened at $86.32 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.57. ONE Gas Inc has a 52-week low of $75.51 and a 52-week high of $96.66. The stock has a market capitalization of $4.65 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 4.14 and a beta of 0.26. The stock’s 50 day moving average price is $93.89 and its 200-day moving average price is $90.91.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. ONE Gas’s dividend payout ratio (DPR) is presently 61.54%.
OGS has been the topic of a number of analyst reports. ValuEngine cut ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group raised ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 price target on the stock in a research note on Tuesday, September 10th. Mizuho initiated coverage on ONE Gas in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $96.00 price target on the stock. Finally, Morgan Stanley decreased their price target on ONE Gas from $85.00 to $83.00 and set an “underweight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $89.67.
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 serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
Further Reading: Fundamental Analysis
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