Range Financial Group LLC Increases Position in ONE Gas, Inc. (NYSE:OGS)

Range Financial Group LLC boosted its holdings in ONE Gas, Inc. (NYSE:OGSFree Report) by 37.8% in the first quarter, HoldingsChannel reports. The firm owned 18,032 shares of the utilities provider’s stock after purchasing an additional 4,950 shares during the period. Range Financial Group LLC’s holdings in ONE Gas were worth $1,164,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of ONE Gas by 5.4% during the 3rd quarter. HighTower Advisors LLC now owns 15,005 shares of the utilities provider’s stock valued at $1,023,000 after acquiring an additional 763 shares in the last quarter. UBS Group AG grew its position in shares of ONE Gas by 80.5% during the 3rd quarter. UBS Group AG now owns 90,918 shares of the utilities provider’s stock valued at $6,208,000 after buying an additional 40,558 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in ONE Gas during the third quarter worth about $189,000. Envestnet Asset Management Inc. lifted its holdings in ONE Gas by 170.7% in the third quarter. Envestnet Asset Management Inc. now owns 44,774 shares of the utilities provider’s stock worth $3,057,000 after acquiring an additional 28,231 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of ONE Gas by 288.0% during the third quarter. CI Investments Inc. now owns 2,879 shares of the utilities provider’s stock valued at $197,000 after purchasing an additional 2,137 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 2.0 %

OGS traded up $1.19 during trading on Monday, reaching $61.33. The company had a trading volume of 226,927 shares, compared to its average volume of 400,472. The firm’s 50-day simple moving average is $62.54 and its 200 day simple moving average is $62.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.39 and a current ratio of 0.47. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 3.15 and a beta of 0.65. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $82.06.

ONE Gas (NYSE:OGSGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $758.32 million for the quarter, compared to analysts’ expectations of $1.05 billion. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The company’s revenue for the quarter was down 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Equities research analysts anticipate that ONE Gas, Inc. will post 3.85 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 20th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, May 17th. ONE Gas’s dividend payout ratio is currently 65.19%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OGS. Morgan Stanley dropped their price target on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Monday. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective on the stock in a research note on Tuesday, March 5th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. Mizuho raised their target price on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Finally, UBS Group began coverage on shares of ONE Gas in a research report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Three equities research 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. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and an average target price of $64.69.

Check Out Our Latest Stock Report on ONE Gas

ONE Gas Profile

(Free Report)

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.

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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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