Sei Investments Co. Purchases 6,342 Shares of ONE Gas Inc. (OGS)
Sei Investments Co. boosted its position in shares of ONE Gas Inc. (NYSE:OGS) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,595 shares of the company’s stock after buying an additional 6,342 shares during the period. Sei Investments Co. owned 0.57% of ONE Gas worth $18,280,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of ONE Gas by 5.6% in the second quarter. Vanguard Group Inc. now owns 4,646,287 shares of the company’s stock worth $309,396,000 after buying an additional 246,193 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of ONE Gas by 1.9% in the second quarter. BlackRock Fund Advisors now owns 2,632,911 shares of the company’s stock worth $175,326,000 after buying an additional 49,468 shares during the last quarter. State Street Corp raised its position in shares of ONE Gas by 0.6% in the second quarter. State Street Corp now owns 1,728,093 shares of the company’s stock worth $115,073,000 after buying an additional 10,689 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of ONE Gas by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,551,869 shares of the company’s stock worth $103,339,000 after buying an additional 45,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of ONE Gas by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 963,462 shares of the company’s stock worth $64,153,000 after buying an additional 17,139 shares during the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.
ONE Gas Inc. (NYSE:OGS) traded down 1.90% on Wednesday, hitting $61.46. The stock had a trading volume of 47,163 shares. The company has a market capitalization of $3.21 billion, a PE ratio of 23.72 and a beta of 0.14. The company has a 50 day moving average of $59.72 and a 200 day moving average of $61.70. ONE Gas Inc. has a 12-month low of $45.89 and a 12-month high of $67.35.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. ONE Gas had a net margin of 9.95% and a return on equity of 7.36%. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities analysts expect that ONE Gas Inc. will post $2.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.40 annualized dividend and a yield of 2.23%. ONE Gas’s dividend payout ratio is currently 54.26%.
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A number of research analysts have commented on OGS shares. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Thursday, August 4th. Wells Fargo & Co. started coverage on ONE Gas in a research report on Tuesday, August 30th. They issued a “market perform” rating on the stock. Seaport Global Securities started coverage on ONE Gas in a research report on Friday, November 18th. They issued a “neutral” rating and a $60.00 price target on the stock. Finally, Jefferies Group upgraded ONE Gas from an “underperform” rating to a “hold” rating and set a $53.00 price target on the stock in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.20.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.25% of the company’s stock.
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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