Virtu Financial LLC bought a new position in shares of ONE Gas Inc (NYSE:OGS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,243 shares of the utilities provider’s stock, valued at approximately $200,000.
Several other hedge funds have also recently bought and sold shares of OGS. Quantamental Technologies LLC bought a new position in shares of ONE Gas during the 4th quarter valued at $127,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of ONE Gas in the 4th quarter worth $158,000. Douglass Winthrop Advisors LLC purchased a new stake in shares of ONE Gas in the 1st quarter worth $223,000. Nachman Norwood & Parrott Inc purchased a new stake in shares of ONE Gas in the 4th quarter worth $233,000. Finally, Two Sigma Securities LLC increased its stake in shares of ONE Gas by 16.4% in the 4th quarter. Two Sigma Securities LLC now owns 2,988 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 76.22% of the company’s stock.
OGS stock traded up $0.18 during trading on Wednesday, reaching $88.59. The company’s stock had a trading volume of 119,300 shares, compared to its average volume of 209,317. The firm has a market capitalization of $4.69 billion, a PE ratio of 27.26, a PEG ratio of 4.40 and a beta of 0.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.78. ONE Gas Inc has a 1 year low of $69.20 and a 1 year high of $90.52.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, April 29th. The utilities provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.03. The firm had revenue of $661.00 million during the quarter, compared to analyst estimates of $625.25 million. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. During the same quarter last year, the business posted $1.72 earnings per share. On average, sell-side analysts forecast that ONE Gas Inc will post 3.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.26%. ONE Gas’s payout ratio is 61.54%.
Separately, Morgan Stanley cut their price target on ONE Gas from $75.00 to $74.00 and set an “underweight” rating for the company in a research note on Tuesday, February 12th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.67.
In related news, Director Eduardo A. Rodriguez sold 500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $89.04, for a total value of $44,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.76% of the company’s stock.
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ONE Gas Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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