Dean Capital Management lessened its stake in shares of ONE Gas Inc (NYSE:OGS) by 49.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,290 shares of the utilities provider’s stock after selling 20,515 shares during the quarter. Dean Capital Management’s holdings in ONE Gas were worth $1,591,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of OGS. Zacks Investment Management boosted its holdings in ONE Gas by 3.3% during the second quarter. Zacks Investment Management now owns 29,905 shares of the utilities provider’s stock worth $2,235,000 after buying an additional 955 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in ONE Gas by 11.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 9,312 shares of the utilities provider’s stock worth $696,000 after buying an additional 975 shares in the last quarter. Raymond James & Associates boosted its holdings in ONE Gas by 14.2% during the second quarter. Raymond James & Associates now owns 11,575 shares of the utilities provider’s stock worth $865,000 after buying an additional 1,436 shares in the last quarter. AMP Capital Investors Ltd boosted its holdings in ONE Gas by 60.5% during the second quarter. AMP Capital Investors Ltd now owns 14,853 shares of the utilities provider’s stock worth $1,111,000 after buying an additional 5,600 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in ONE Gas by 30.7% during the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the utilities provider’s stock worth $12,504,000 after buying an additional 39,300 shares in the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.
In other news, Director Arcilia Acosta acquired 1,265 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was purchased at an average price of $78.94 per share, with a total value of $99,859.10. Following the purchase, the director now owns 2,277 shares of the company’s stock, valued at approximately $179,746.38. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.62% of the company’s stock.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 30th. The utilities provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. ONE Gas had a net margin of 10.80% and a return on equity of 8.85%. The firm had revenue of $292.52 million during the quarter, compared to analyst estimates of $275.30 million. During the same quarter last year, the business posted $0.39 EPS. equities analysts forecast that ONE Gas Inc will post 3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 13th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, August 10th. ONE Gas’s dividend payout ratio is 62.37%.
A number of brokerages recently weighed in on OGS. Morgan Stanley raised their target price on shares of ONE Gas from $76.00 to $78.00 and gave the stock a “sell” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Jefferies Financial Group reaffirmed a “$75.39” rating and issued 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 and two have issued a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average target price of $73.80.
ONE Gas Profile
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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