ONE Gas Inc. (OGS) Director Eduardo A. Rodriguez Sells 1,325 Shares of Stock
ONE Gas Inc. (NYSE:OGS) Director Eduardo A. Rodriguez sold 1,325 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was 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 owns 8,060 shares of the company’s stock, valued at $491,337.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of ONE Gas Inc. (NYSE:OGS) opened at 61.75 on Wednesday. ONE Gas Inc. has a 52-week low of $43.39 and a 52-week high of $67.35. The stock has a 50 day moving average of $62.13 and a 200-day moving average of $61.48. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 24.82 and a beta of 0.11.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.07. The firm earned $245.92 million during the quarter, compared to analysts’ expectations of $289.73 million. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. On average, equities research analysts predict that ONE Gas Inc. will post $2.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.40 annualized dividend and a yield of 2.27%. ONE Gas’s dividend payout ratio is currently 56.45%.
OGS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Friday, September 2nd. BB&T Corp. initiated coverage on shares of ONE Gas in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. Wells Fargo & Co. initiated coverage on shares of ONE Gas in a report on Tuesday, August 30th. They issued a “market perform” rating for the company. Finally, Jefferies Group cut shares of ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 target price for the company. in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $59.00.
A number of hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in ONE Gas during the fourth quarter valued at about $31,344,000. Emerald Acquisition Ltd. bought a new position in ONE Gas during the second quarter valued at about $19,454,000. Vanguard Group Inc. raised its position in ONE Gas by 5.6% in the second quarter. Vanguard Group Inc. now owns 4,646,287 shares of the company’s stock valued at $309,396,000 after buying an additional 246,193 shares during the last quarter. AQR Capital Management LLC raised its position in ONE Gas by 48.1% in the second quarter. AQR Capital Management LLC now owns 498,211 shares of the company’s stock valued at $33,176,000 after buying an additional 161,907 shares during the last quarter. Finally, WBI Investments Inc. bought a new position in ONE Gas during the second quarter valued at about $8,204,000. 71.71% of the stock is owned by hedge funds and other institutional investors.
About ONE Gas
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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