Gamco Investors INC. ET AL Cuts Stock Position in ONE Gas, Inc. (NYSE:OGS)

Gamco Investors INC. ET AL lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 0.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,437 shares of the utilities provider’s stock after selling 250 shares during the quarter. Gamco Investors INC. ET AL’s holdings in ONE Gas were worth $2,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its holdings in ONE Gas by 66.3% in the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 169 shares in the last quarter. GW Henssler & Associates Ltd. grew its holdings in shares of ONE Gas by 7.4% during the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after buying an additional 237 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of ONE Gas by 2.3% during the first quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider’s stock worth $878,000 after buying an additional 300 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of ONE Gas by 290.4% during the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after buying an additional 334 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of ONE Gas by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock worth $41,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

OGS has been the subject of a number of research reports. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Mizuho upped their target price on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. UBS Group initiated coverage on shares of ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 target price for the company. Finally, Morgan Stanley dropped their target price on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has 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 $64.69.

ONE Gas Trading Up 1.9 %

NYSE OGS traded up $1.32 during trading hours on Friday, reaching $70.49. The company had a trading volume of 370,312 shares, compared to its average volume of 582,673. The stock has a market capitalization of $3.99 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 3.60 and a beta of 0.66. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $82.06. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $63.16 and a 200 day moving average of $62.51.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $758.32 million for the quarter, compared to analyst estimates of $1.05 billion. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The firm’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. As a group, research analysts anticipate that ONE Gas, Inc. will post 3.85 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, August 14th. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. ONE Gas’s dividend payout ratio is presently 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.