Tradewinds Capital Management LLC Boosts Stock Position in ONE Gas, Inc. (NYSE:OGS)

Tradewinds Capital Management LLC grew its stake in ONE Gas, Inc. (NYSE:OGS) by 4,411.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534 shares of the utilities provider’s stock after purchasing an additional 1,500 shares during the period. Tradewinds Capital Management LLC’s holdings in ONE Gas were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of ONE Gas by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock valued at $437,140,000 after purchasing an additional 27,831 shares in the last quarter. Wellington Management Group LLP grew its position in ONE Gas by 3.5% in the fourth quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock worth $99,098,000 after acquiring an additional 52,740 shares during the period. Victory Capital Management Inc. grew its position in ONE Gas by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock worth $98,682,000 after acquiring an additional 97,346 shares during the period. First Trust Advisors LP grew its position in ONE Gas by 15.3% in the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after acquiring an additional 147,471 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in ONE Gas by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 817,199 shares of the utilities provider’s stock worth $52,073,000 after acquiring an additional 47,320 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Down 0.8 %

ONE Gas stock traded down $0.51 during midday trading on Wednesday, reaching $63.49. The company’s stock had a trading volume of 772,840 shares, compared to its average volume of 424,833. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $82.06. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. The company has a market cap of $3.59 billion, a P/E ratio of 15.80, a P/E/G ratio of 3.32 and a beta of 0.66. The business has a 50-day simple moving average of $62.47 and a 200-day simple moving average of $62.20.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The business had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The firm’s quarterly revenue was down 26.5% on a year-over-year basis. On average, research analysts expect that ONE Gas, Inc. will post 3.85 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Friday, May 17th. ONE Gas’s dividend payout ratio (DPR) is currently 65.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OGS. Morgan Stanley lowered their price target on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target for the company in a research report on Tuesday, March 5th. 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. UBS Group began coverage on ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 price target for the company. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.69.

ONE Gas Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.