ONE Gas, Inc. (NYSE:OGS) Shares Sold by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC cut its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 18.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,385 shares of the utilities provider’s stock after selling 319 shares during the period. Beaird Harris Wealth Management LLC’s holdings in ONE Gas were worth $88,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OGS. Hexagon Capital Partners LLC increased its stake in shares of ONE Gas by 21.7% in the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after buying an additional 174 shares during the last quarter. 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 in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of ONE Gas by 0.9% in the 2nd 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 during the last quarter. GW Henssler & Associates Ltd. raised its stake in shares of ONE Gas by 7.4% in the 1st quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 237 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of ONE Gas by 1.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider’s stock valued at $971,000 after purchasing an additional 270 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OGS has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday. Mizuho boosted their target price on shares of ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Wells Fargo & Company raised shares of ONE Gas from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $71.00 to $80.00 in a report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.21.

ONE Gas Stock Up 0.7 %

OGS opened at $74.20 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The company has a market capitalization of $4.20 billion, a PE ratio of 18.32, a P/E/G ratio of 3.87 and a beta of 0.66. The stock’s fifty day moving average is $69.54 and its 200-day moving average is $65.26. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $74.99.

ONE Gas (NYSE:OGS) last released 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). The business had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, equities analysts predict that ONE Gas, Inc. will post 3.84 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.66 per share. 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 3.56%. ONE Gas’s dividend payout ratio is currently 65.19%.

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.