Hennessy Advisors Inc. Increases Position in ONE Gas, Inc. (NYSE:OGS)

Hennessy Advisors Inc. lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,775 shares of the utilities provider’s stock after acquiring an additional 2,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in ONE Gas were worth $6,078,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OGS. Transcendent Capital Group LLC grew its stake in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after buying an additional 349 shares during the last quarter. GAMMA Investing LLC grew its position in 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 period. Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas during the third quarter worth about $45,000. Finally, Nomura Asset Management Co. Ltd. raised its position in ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 210 shares during the period. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Price Performance

ONE Gas stock opened at $72.68 on Friday. The firm has a market capitalization of $4.12 billion, a P/E ratio of 18.93, a PEG ratio of 5.51 and a beta of 0.71. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The business has a fifty day moving average price of $72.23 and a 200-day moving average price of $70.77.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the prior year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company reduced their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Morgan Stanley boosted their target price 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. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a research report on Friday, December 6th. Finally, Stifel Nicolaus lifted their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.69.

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.