Sanctuary Advisors LLC Buys New Position in ONE Gas, Inc. (NYSE:OGS)

Sanctuary Advisors LLC bought a new stake in ONE Gas, Inc. (NYSE:OGS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,421 shares of the utilities provider’s stock, valued at approximately $422,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC grew its stake in shares of ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 266 shares during the last quarter. Rothschild Investment LLC acquired a new stake in ONE Gas in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares during the period. GAMMA Investing LLC raised its position 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 valued at $45,000 after buying an additional 261 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after buying an additional 210 shares during the period. 88.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OGS. Morgan Stanley boosted their price target 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. Wells Fargo & Company cut their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group initiated coverage on ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average price target of $72.69.

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $69.94 on Friday. The business has a fifty day moving average of $73.40 and a 200-day moving average of $69.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. ONE Gas, Inc. has a twelve month low of $57.74 and a twelve month high of $78.89. The firm has a market cap of $3.96 billion, a PE ratio of 18.21 and a beta of 0.70.

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

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were given a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.77%. ONE Gas’s payout ratio is 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.