ONE Gas, Inc. (NYSE:OGS) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in ONE Gas, Inc. (NYSE:OGS) by 80.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,573 shares of the utilities provider’s stock after selling 6,369 shares during the quarter. KBC Group NV’s holdings in ONE Gas were worth $117,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its stake in shares of 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 purchasing an additional 266 shares during the period. Rothschild Investment LLC purchased a new stake in ONE Gas during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 261 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of ONE Gas by 21.7% during the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 1.1 %

NYSE:OGS opened at $76.85 on Friday. The company has a market cap of $4.35 billion, a PE ratio of 19.80 and a beta of 0.67. The business’s 50 day moving average is $73.38 and its two-hundred day moving average is $68.00. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a 52 week low of $55.50 and a 52 week high of $76.97.

ONE Gas (NYSE:OGS) last announced 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 firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. On average, analysts predict that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.44%. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OGS. Morgan Stanley raised their price objective 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. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $68.10.

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.