ONE Gas, Inc. (OGS) Shares Bought by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL boosted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,400 shares of the utilities provider’s stock after buying an additional 3,800 shares during the period. Virginia Retirement Systems ET AL owned about 0.25% of ONE Gas worth $9,033,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of OGS. Heritage Trust Co purchased a new stake in ONE Gas during the first quarter valued at $111,000. James Investment Research Inc. bought a new position in shares of ONE Gas during the first quarter valued at about $150,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ONE Gas by 72.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock valued at $157,000 after buying an additional 982 shares during the period. Independent Portfolio Consultants Inc. bought a new position in shares of ONE Gas during the second quarter valued at about $158,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of ONE Gas during the second quarter valued at about $200,000. Institutional investors and hedge funds own 73.57% of the company’s stock.
ONE Gas, Inc. (OGS) opened at 75.37 on Friday. The company has a 50-day moving average price of $72.54 and a 200-day moving average price of $69.29. The firm has a market cap of $3.94 billion, a PE ratio of 26.26 and a beta of 0.12. ONE Gas, Inc. has a 12-month low of $55.98 and a 12-month high of $75.47.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by $0.03. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. During the same quarter last year, the company posted $0.38 EPS. ONE Gas’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts predict that ONE Gas, Inc. will post $2.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 10th. ONE Gas’s dividend payout ratio (DPR) is 58.54%.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, May 10th. Morgan Stanley boosted their price objective on ONE Gas from $68.00 to $70.00 and gave the company an “underweight” rating in a report on Monday, May 8th. Finally, BidaskClub raised ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. ONE Gas currently has an average rating of “Hold” and a consensus price target of $65.67.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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