ONE Gas, Inc. (OGS) Shares Sold by Prudential Financial Inc.
Prudential Financial Inc. cut its holdings in ONE Gas, Inc. (NYSE:OGS) by 38.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,039 shares of the utilities provider’s stock after selling 54,143 shares during the quarter. Prudential Financial Inc. owned about 0.17% of ONE Gas worth $6,076,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its position in shares of ONE Gas by 7,323.6% in the 1st quarter. BlackRock Inc. now owns 5,499,707 shares of the utilities provider’s stock valued at $371,780,000 after purchasing an additional 5,425,623 shares during the period. Vanguard Group Inc. grew its position in shares of ONE Gas by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,072,922 shares of the utilities provider’s stock valued at $342,929,000 after purchasing an additional 103,662 shares during the period. State Street Corp grew its position in shares of ONE Gas by 2.1% in the 1st quarter. State Street Corp now owns 1,735,769 shares of the utilities provider’s stock valued at $117,337,000 after purchasing an additional 36,475 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ONE Gas by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 929,920 shares of the utilities provider’s stock valued at $62,863,000 after purchasing an additional 12,972 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of ONE Gas by 75.4% in the 1st quarter. Victory Capital Management Inc. now owns 892,314 shares of the utilities provider’s stock valued at $60,320,000 after purchasing an additional 383,600 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s stock.
Shares of ONE Gas, Inc. (NYSE OGS) opened at 75.31 on Friday. ONE Gas, Inc. has a 1-year low of $55.98 and a 1-year high of $76.06. The company has a market cap of $3.94 billion, a PE ratio of 26.24 and a beta of 0.11. The firm has a 50-day moving average price of $74.52 and a 200 day moving average price of $70.42.
ONE Gas (NYSE:OGS) last released 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 business had revenue of $279.69 million for the quarter, compared to analyst estimates of $257.87 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts anticipate that ONE Gas, Inc. will post $2.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.68 annualized dividend and a yield of 2.23%. ONE Gas’s dividend payout ratio is currently 58.54%.
Several equities analysts recently issued reports on OGS shares. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price objective on shares of ONE Gas in a research report on Sunday, September 10th. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Thursday, July 13th. Finally, Morgan Stanley boosted their price objective on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.17.
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About ONE Gas
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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