Amalgamated Bank Trims Position in ONE Gas, Inc. (NYSE:OGS)

Amalgamated Bank lowered its holdings in ONE Gas, Inc. (NYSE:OGS) by 5.5% in the third quarter, Holdings Channel.com reports. The firm owned 25,864 shares of the utilities provider’s stock after selling 1,515 shares during the period. Amalgamated Bank’s holdings in ONE Gas were worth $1,925,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in ONE Gas in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in ONE Gas by 21.7% in the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 174 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in ONE Gas during the second quarter worth approximately $64,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OGS has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Stock Up 0.4 %

Shares of NYSE OGS opened at $75.30 on Wednesday. The stock has a fifty day moving average price of $72.54 and a 200 day moving average price of $67.50. The company has a market cap of $4.27 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.78 and a beta of 0.67. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $76.34. The company has a current ratio of 0.50, a quick ratio of 0.32 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. ONE Gas’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Research analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.51%. ONE Gas’s payout ratio is currently 68.75%.

ONE Gas Profile

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.