Wilmington Savings Fund Society FSB Purchases Shares of 607 ONE Gas, Inc. (NYSE:OGS)

Wilmington Savings Fund Society FSB acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 607 shares of the utilities provider’s stock, valued at approximately $45,000.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of ONE Gas in the 3rd quarter valued at about $422,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after acquiring an additional 42,724 shares during the period. Geode Capital Management LLC grew its position in shares of ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after acquiring an additional 18,477 shares during the last quarter. M&T Bank Corp increased its holdings in shares of ONE Gas by 9.8% in the 3rd quarter. M&T Bank Corp now owns 6,596 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 591 shares during the period. Finally, Barclays PLC raised its position in ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock valued at $7,859,000 after purchasing an additional 54,237 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of OGS stock opened at $68.72 on Monday. 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 $3.89 billion, a PE ratio of 17.90 and a beta of 0.70. ONE Gas, Inc. has a 1 year low of $57.74 and a 1 year high of $78.89. The stock has a fifty day moving average price of $73.61 and a 200 day moving average price of $69.74.

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

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.84%. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Analyst Ratings Changes

Several research analysts have issued reports on OGS shares. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Bank of America assumed coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. Stifel Nicolaus increased their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Morgan Stanley lifted their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and an average price target of $72.69.

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.