Squarepoint Ops LLC Reduces Stake in ONE Gas, Inc. (NYSE:OGS)

Squarepoint Ops LLC trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,930 shares of the utilities provider’s stock after selling 1,644 shares during the period. Squarepoint Ops LLC’s holdings in ONE Gas were worth $1,081,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OGS. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 349 shares during the period. Pacer Advisors Inc. boosted its stake in shares of ONE Gas by 65.7% in the second quarter. Pacer Advisors Inc. now owns 13,685 shares of the utilities provider’s stock worth $874,000 after buying an additional 5,428 shares during the last quarter. MQS Management LLC acquired a new stake in ONE Gas during the second quarter worth about $205,000. Hsbc Holdings PLC raised its position in ONE Gas by 23.6% during the second quarter. Hsbc Holdings PLC now owns 20,630 shares of the utilities provider’s stock valued at $1,315,000 after acquiring an additional 3,940 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in ONE Gas by 240.7% in the second quarter. Renaissance Technologies LLC now owns 128,100 shares of the utilities provider’s stock valued at $8,179,000 after acquiring an additional 90,500 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Wells Fargo & Company upgraded ONE Gas from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $71.00 to $80.00 in a research report on Wednesday, September 11th. Three 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 MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $66.21.

ONE Gas Stock Up 1.0 %

Shares of NYSE OGS opened at $73.43 on Friday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66. The company’s 50-day simple moving average is $70.09 and its 200-day simple moving average is $65.76. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. ONE Gas, Inc. has a 52-week low of $55.50 and a 52-week high of $74.99.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The firm had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was down 11.0% on a year-over-year basis. Equities analysts predict that ONE Gas, Inc. will post 3.84 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a $0.66 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a yield of 3.60%. ONE Gas’s payout ratio is currently 65.19%.

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.