Wilmington Savings Fund Society FSB Makes New $45,000 Investment in ONE Gas, Inc. (NYSE:OGS)

Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas, Inc. (NYSE:OGS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 607 shares of the utilities provider’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its position in ONE Gas by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 159 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of ONE Gas by 42.0% during the 3rd 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. CWM LLC increased its holdings in shares of ONE Gas by 17.3% during the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after buying an additional 248 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after buying an additional 261 shares during the period. Finally, Transcendent Capital Group LLC boosted its holdings in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 1.0 %

Shares of NYSE OGS opened at $68.72 on Monday. 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 1 year low of $57.74 and a 1 year high of $78.89. The stock’s 50-day simple moving average is $73.61 and its 200-day simple moving average is $69.74. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 17.90 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 (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, equities analysts anticipate that ONE Gas, Inc. will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OGS shares. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lowered their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.69.

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.