Cwm LLC Purchases 600 Shares of ONE Gas, Inc. (NYSE:OGS)

Cwm LLC lifted its position in shares of ONE Gas, Inc. (NYSE:OGS) by 72.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,432 shares of the utilities provider’s stock after purchasing an additional 600 shares during the period. Cwm LLC’s holdings in ONE Gas were worth $91,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock valued at $1,597,000 after purchasing an additional 230 shares in the last quarter. Boston Partners acquired a new stake in ONE Gas during the 1st quarter worth approximately $708,000. Zimmer Partners LP bought a new stake in ONE Gas during the 1st quarter worth approximately $16,939,000. Tidal Investments LLC grew its holdings in ONE Gas by 6.1% during the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 206 shares during the last quarter. Finally, Jane Street Group LLC increased its position in ONE Gas by 283.6% in the 1st quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after acquiring an additional 142,865 shares during the period. Institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OGS. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Mizuho lifted their target price on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Morgan Stanley reduced their price target on 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. Finally, Wells Fargo & Company raised their price objective on ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.36.

ONE Gas Stock Up 0.1 %

Shares of ONE Gas stock opened at $66.86 on Monday. The stock’s 50-day moving average is $65.15 and its 200 day moving average is $63.28. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $75.89. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 3.46 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. ONE Gas’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that ONE Gas, Inc. will post 3.84 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, August 14th. ONE Gas’s payout ratio is 65.19%.

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.