Rockefeller Capital Management L.P. reduced its position in shares of ONE Gas, Inc. (NYSE:OGS – Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,696 shares of the utilities provider’s stock after selling 61,949 shares during the period. Rockefeller Capital Management L.P.’s holdings in ONE Gas were worth $28,945,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ONE Gas by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after buying an additional 1,461 shares during the period. NewEdge Advisors LLC boosted its position in ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after buying an additional 2,685 shares during the last quarter. Empowered Funds LLC boosted its position in ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after buying an additional 522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of ONE Gas by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after acquiring an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of ONE Gas during the first quarter worth about $5,876,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas Stock Performance
Shares of ONE Gas stock opened at $76.40 on Tuesday. The firm has a market cap of $4.79 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66. The firm’s 50-day simple moving average is $82.71 and its 200-day simple moving average is $82.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. ONE Gas, Inc. has a 1 year low of $70.97 and a 1 year high of $90.78.
ONE Gas Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is currently 61.40%.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Stifel Nicolaus lifted their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Capital One Financial set a $93.00 target price on ONE Gas in a research report on Friday, June 12th. Morgan Stanley set a $82.00 target price on ONE Gas in a research report on Thursday, May 21st. Finally, Wolfe Research initiated coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.10.
View Our Latest Stock Report on OGS
ONE Gas Company Profile
ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.
The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.
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