ONE Gas, Inc. (NYSE:OGS) Holdings Trimmed by Connors Investor Services Inc.

Connors Investor Services Inc. lowered its holdings in ONE Gas, Inc. (NYSE:OGS) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,711 shares of the utilities provider’s stock after selling 1,596 shares during the period. Connors Investor Services Inc.’s holdings in ONE Gas were worth $2,727,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Hexagon Capital Partners LLC lifted its stake in ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of ONE Gas by 6.1% in the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 206 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of ONE Gas by 0.9% in the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares in the last quarter. GW Henssler & Associates Ltd. boosted 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 purchasing an additional 237 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of ONE Gas by 1.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider’s stock worth $971,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 1.6 %

OGS stock opened at $73.81 on Tuesday. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $75.78. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The company has a market cap of $4.18 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 3.71 and a beta of 0.66. The business’s 50-day simple moving average is $68.33 and its 200 day simple moving average is $64.63.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. 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 company posted $0.58 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, research analysts anticipate that ONE Gas, Inc. will post 3.84 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.58%. ONE Gas’s payout ratio is presently 65.19%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Mizuho lifted their price target on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Wells Fargo & Company upgraded ONE Gas from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $71.00 to $80.00 in a report on Wednesday, September 11th. Finally, Morgan Stanley cut their price objective on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $64.64.

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.