BNP Paribas Arbitrage SA increased its holdings in ONE Gas Inc (NYSE:OGS) by 112.5% during the first quarter, HoldingsChannel reports. The firm owned 24,794 shares of the utilities provider’s stock after acquiring an additional 13,126 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in ONE Gas were worth $2,207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of OGS. BlackRock Inc. raised its holdings in shares of ONE Gas by 2.5% during the 4th quarter. BlackRock Inc. now owns 6,267,260 shares of the utilities provider’s stock worth $498,875,000 after acquiring an additional 152,104 shares in the last quarter. Vanguard Group Inc. increased its position in shares of ONE Gas by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,050,855 shares of the utilities provider’s stock valued at $415,584,000 after purchasing an additional 36,615 shares during the last quarter. Vanguard Group Inc increased its position in shares of ONE Gas by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 5,050,855 shares of the utilities provider’s stock valued at $415,584,000 after purchasing an additional 36,615 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ONE Gas by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 703,782 shares of the utilities provider’s stock valued at $57,908,000 after purchasing an additional 5,822 shares during the last quarter. Finally, Scout Investments Inc. increased its position in shares of ONE Gas by 35.0% during the 4th quarter. Scout Investments Inc. now owns 580,902 shares of the utilities provider’s stock valued at $46,240,000 after purchasing an additional 150,730 shares during the last quarter. 76.08% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded ONE Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Morgan Stanley cut their target price on ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 12th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $76.67.
NYSE OGS opened at $88.48 on Tuesday. The company has a market cap of $4.67 billion, a PE ratio of 27.22, a P/E/G ratio of 4.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 0.78. ONE Gas Inc has a fifty-two week low of $69.20 and a fifty-two week high of $90.52.
ONE Gas (NYSE:OGS) last released its earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.03. The firm had revenue of $661.00 million for the quarter, compared to the consensus estimate of $625.25 million. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. During the same quarter in the previous year, the company posted $1.72 EPS. On average, equities analysts expect that ONE Gas Inc will post 3.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Tuesday, May 14th. ONE Gas’s dividend payout ratio (DPR) is presently 61.54%.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $89.04, for a total value of $44,520.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.76% of the company’s stock.
ONE Gas Company Profile
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.
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