Algert Global LLC Acquires New Shares in ONE Gas, Inc. (NYSE:OGS)

Algert Global LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,697 shares of the utilities provider’s stock, valued at approximately $364,000.

Several other institutional investors also recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its holdings in shares of ONE Gas by 21.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 174 shares during the last quarter. Tidal Investments LLC boosted its position in ONE Gas by 6.1% during the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 206 shares during the period. Harbor Capital Advisors Inc. grew its holdings in ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock valued at $1,597,000 after purchasing an additional 230 shares during the last quarter. GW Henssler & Associates Ltd. raised its position in shares of ONE Gas by 7.4% in the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 237 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of ONE Gas by 1.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider’s stock worth $971,000 after buying an additional 270 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Price Performance

Shares of OGS stock opened at $71.60 on Wednesday. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $74.99. The company has a market capitalization of $4.05 billion, a P/E ratio of 17.68, a P/E/G ratio of 3.80 and a beta of 0.66. The stock has a 50 day moving average of $70.15 and a two-hundred day moving average of $65.91. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. As a group, equities analysts expect that ONE Gas, Inc. will post 3.84 EPS for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Wednesday, August 14th. ONE Gas’s payout ratio is 65.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OGS. Morgan Stanley raised their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised ONE Gas from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, ONE Gas has a consensus rating of “Hold” and an average price target of $66.21.

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.