Oppenheimer & Co. Inc. Takes $232,000 Position in ONE Gas Inc (OGS)
Oppenheimer & Co. Inc. acquired a new stake in ONE Gas Inc (NYSE:OGS) in the third quarter, Holdings Channel reports. The firm acquired 2,815 shares of the utilities provider’s stock, valued at approximately $232,000.
Other large investors have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in ONE Gas by 23.3% in the second quarter. Northern Trust Corp now owns 1,171,689 shares of the utilities provider’s stock valued at $87,572,000 after purchasing an additional 221,087 shares during the period. FMR LLC grew its holdings in ONE Gas by 127.1% in the second quarter. FMR LLC now owns 371,028 shares of the utilities provider’s stock valued at $27,731,000 after purchasing an additional 207,628 shares during the period. Scout Investments Inc. grew its holdings in ONE Gas by 56.6% in the second quarter. Scout Investments Inc. now owns 413,988 shares of the utilities provider’s stock valued at $30,941,000 after purchasing an additional 149,563 shares during the period. BlackRock Inc. grew its holdings in ONE Gas by 2.3% in the second quarter. BlackRock Inc. now owns 6,006,477 shares of the utilities provider’s stock valued at $448,926,000 after purchasing an additional 132,617 shares during the period. Finally, Carillon Tower Advisers Inc. grew its holdings in ONE Gas by 65.9% in the second quarter. Carillon Tower Advisers Inc. now owns 266,506 shares of the utilities provider’s stock valued at $19,919,000 after purchasing an additional 105,825 shares during the period. 74.04% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on OGS. Wells Fargo & Co boosted their target price on shares of ONE Gas from $78.00 to $84.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Morgan Stanley boosted their price objective on shares of ONE Gas from $70.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, July 16th. UBS Group set a $77.00 price objective on shares of ONE Gas and gave the stock a “sell” rating in a research note on Tuesday, October 30th. Bank of America boosted their price objective on shares of ONE Gas from $68.00 to $74.00 and gave the stock an “underperform” rating in a research note on Monday, October 29th. Finally, Jefferies Financial Group reiterated a “$75.39” rating and set a $67.00 price objective on shares of ONE Gas in a research note on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $76.83.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 29th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. ONE Gas had a net margin of 10.70% and a return on equity of 8.63%. The company had revenue of $238.28 million during the quarter, compared to the consensus estimate of $250.60 million. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, research analysts predict that ONE Gas Inc will post 3.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 9th. This represents a $1.84 annualized dividend and a yield of 2.25%. ONE Gas’s dividend payout ratio is currently 62.37%.
In other ONE Gas news, Director Arcilia Acosta acquired 1,265 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was bought at an average cost of $78.94 per share, for a total transaction of $99,859.10. Following the completion of the purchase, the director now directly owns 2,277 shares in the company, valued at $179,746.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.62% of the stock is owned by insiders.
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About ONE Gas
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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