ONE Gas, Inc. (NYSE:OGS) is MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s 7th Largest Position

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income raised its stake in ONE Gas, Inc. (NYSE:OGSGet Rating) by 15.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 164,825 shares of the utilities provider’s stock after buying an additional 22,465 shares during the quarter. ONE Gas makes up approximately 1.6% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s portfolio, making the stock its 7th biggest holding. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in ONE Gas were worth $14,544,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in ONE Gas by 48.8% during the fourth quarter. Fifth Third Bancorp now owns 421 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 138 shares during the last quarter. Covestor Ltd purchased a new position in shares of ONE Gas in the 4th quarter valued at $36,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in ONE Gas during the 4th quarter worth $40,000. Bivin & Associates Inc. purchased a new stake in ONE Gas during the 4th quarter worth $47,000. Finally, Pinebridge Investments L.P. purchased a new stake in ONE Gas during the 4th quarter worth $54,000. 81.64% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of NYSE OGS traded down $0.35 during midday trading on Friday, hitting $80.57. The company’s stock had a trading volume of 158,850 shares, compared to its average volume of 218,830. ONE Gas, Inc. has a 1-year low of $62.52 and a 1-year high of $92.26. The firm’s fifty day moving average price is $81.96 and its 200-day moving average price is $83.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.93 and a current ratio of 0.92. The firm has a market cap of $4.36 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.99 and a beta of 0.53.

ONE Gas (NYSE:OGSGet Rating) last posted its quarterly earnings results on Monday, August 1st. The utilities provider reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. ONE Gas had a net margin of 9.34% and a return on equity of 8.85%. The business had revenue of $428.98 million during the quarter, compared to analyst estimates of $328.48 million. During the same period in the previous year, the business posted $0.56 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts forecast that ONE Gas, Inc. will post 4.05 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, August 12th. ONE Gas’s dividend payout ratio (DPR) is presently 63.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OGS shares. Morgan Stanley lifted their price target on shares of ONE Gas from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 21st. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Mizuho decreased their price objective on shares of ONE Gas from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, ONE Gas presently has an average rating of “Hold” and an average target price of $85.00.

ONE Gas Profile

(Get Rating)

ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.

See Also

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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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