Great West Life Assurance Co. Can Raises Stake in ONE Gas, Inc. (OGS)
Great West Life Assurance Co. Can boosted its position in ONE Gas, Inc. (NYSE:OGS) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,623 shares of the utilities provider’s stock after buying an additional 174 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of ONE Gas worth $2,136,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Capstone Asset Management Co. boosted its stake in shares of ONE Gas by 3.8% in the first quarter. Capstone Asset Management Co. now owns 4,112 shares of the utilities provider’s stock worth $278,000 after buying an additional 150 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of ONE Gas by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the utilities provider’s stock worth $892,000 after buying an additional 300 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of ONE Gas during the first quarter worth about $150,000. Russell Investments Group Ltd. boosted its stake in shares of ONE Gas by 169.7% in the first quarter. Russell Investments Group Ltd. now owns 124,625 shares of the utilities provider’s stock worth $8,421,000 after buying an additional 78,418 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in shares of ONE Gas by 2.6% in the first quarter. Hennessy Advisors Inc. now owns 444,525 shares of the utilities provider’s stock worth $30,050,000 after buying an additional 11,200 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
ONE Gas, Inc. (OGS) opened at 75.23 on Friday. The stock has a market cap of $3.93 billion, a PE ratio of 26.21 and a beta of 0.12. The firm has a 50-day moving average price of $72.71 and a 200-day moving average price of $69.37. ONE Gas, Inc. has a 12-month low of $55.98 and a 12-month high of $75.54.
ONE Gas (NYSE:OGS) last released its earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share (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 company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Analysts forecast that ONE Gas, Inc. will post $2.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 annualized dividend and a yield of 2.23%. ONE Gas’s payout ratio is presently 58.54%.
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OGS has been the subject of a number of research reports. Morgan Stanley boosted their target price on ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Wednesday, May 10th. Finally, BidaskClub cut ONE Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued 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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