PNC Financial Services Group Inc. Has $164,000 Position in ONE Gas, Inc. (NYSE:OGS)

PNC Financial Services Group Inc. decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,576 shares of the utilities provider’s stock after selling 631 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ONE Gas were worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGS. Envestnet Asset Management Inc. boosted its holdings in shares of ONE Gas by 170.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 44,774 shares of the utilities provider’s stock worth $3,057,000 after buying an additional 28,231 shares during the period. Natixis Advisors L.P. grew its position in shares of ONE Gas by 3.1% in the third quarter. Natixis Advisors L.P. now owns 17,709 shares of the utilities provider’s stock valued at $1,209,000 after purchasing an additional 540 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of ONE Gas during the third quarter worth approximately $2,059,000. Gotham Asset Management LLC acquired a new stake in ONE Gas during the 3rd quarter worth approximately $706,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in ONE Gas in the 3rd quarter valued at $1,323,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Trading Down 0.4 %

Shares of OGS stock opened at $63.76 on Thursday. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $82.06. The stock’s fifty day moving average price is $62.45 and its two-hundred day moving average price is $62.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.39 and a current ratio of 0.47. The company has a market cap of $3.61 billion, a PE ratio of 15.74, a P/E/G ratio of 3.32 and a beta of 0.66.

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

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 20th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Friday, May 17th. ONE Gas’s dividend payout ratio is 65.19%.

Wall Street Analyst Weigh In

Several research firms have weighed in on OGS. Mizuho increased their price objective on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. UBS Group started coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective for the company. Morgan Stanley lowered their target price on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $64.69.

About ONE Gas

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.