ONE Gas Inc (OGS) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC raised its holdings in ONE Gas Inc (NYSE:OGS) by 61.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,695 shares of the utilities provider’s stock after purchasing an additional 12,080 shares during the quarter. SG Americas Securities LLC’s holdings in ONE Gas were worth $2,322,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in ONE Gas by 1,953.3% in the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock valued at $174,000 after buying an additional 2,383 shares during the period. Cubist Systematic Strategies LLC bought a new stake in ONE Gas in the second quarter valued at approximately $243,000. Shelton Capital Management bought a new stake in ONE Gas in the second quarter valued at approximately $272,000. M&T Bank Corp raised its stake in ONE Gas by 3.9% in the second quarter. M&T Bank Corp now owns 4,018 shares of the utilities provider’s stock valued at $280,000 after buying an additional 150 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new stake in ONE Gas in the fourth quarter valued at approximately $285,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
OGS has been the topic of a number of recent research reports. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Wednesday, November 8th. Morgan Stanley increased their target price on ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Finally, Jefferies Group reiterated a “sell” rating and set a $63.00 target price on shares of ONE Gas in a research note on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. ONE Gas has an average rating of “Hold” and a consensus price target of $73.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.42. ONE Gas’s dividend payout ratio (DPR) is 56.19%.
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ONE Gas 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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