Pathstone Holdings LLC Buys 12,060 Shares of ONE Gas, Inc. (NYSE:OGS)

Pathstone Holdings LLC grew its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 113.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,681 shares of the utilities provider’s stock after purchasing an additional 12,060 shares during the quarter. Pathstone Holdings LLC’s holdings in ONE Gas were worth $1,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in OGS. Transcendent Capital Group LLC raised its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of ONE Gas in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its stake in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of ONE Gas in the third quarter worth about $60,000. Institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Stock Performance

ONE Gas stock opened at $77.59 on Thursday. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $78.89. The stock’s 50 day simple moving average is $73.76 and its two-hundred day simple moving average is $68.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 20.05 and a beta of 0.67.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data 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). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter last year, the company posted $0.45 EPS. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts expect that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s payout ratio is currently 68.75%.

ONE Gas Company 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.