Boston Trust Walden Corp reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS – Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,086,259 shares of the utilities provider’s stock after selling 17,473 shares during the quarter. ONE Gas makes up approximately 0.8% of Boston Trust Walden Corp’s portfolio, making the stock its 28th largest position. Boston Trust Walden Corp’s holdings in ONE Gas were worth $93,559,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in ONE Gas by 1,393.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after buying an additional 1,490,492 shares during the period. Norges Bank acquired a new stake in shares of ONE Gas during the 4th quarter valued at $70,767,000. Nuveen LLC grew its holdings in shares of ONE Gas by 101.1% during the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock valued at $59,984,000 after acquiring an additional 390,344 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ONE Gas by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after acquiring an additional 380,668 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of ONE Gas by 187.1% during the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after acquiring an additional 358,779 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.
ONE Gas Trading Up 1.3%
Shares of NYSE:OGS opened at $77.30 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.85 billion, a PE ratio of 17.45, a P/E/G ratio of 2.59 and a beta of 0.66. ONE Gas, Inc. has a 1 year low of $71.71 and a 1 year high of $90.78. The firm has a fifty day moving average price of $80.98 and a 200 day moving average price of $82.33.
ONE Gas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio is currently 61.40%.
Analyst Ratings Changes
Several brokerages recently issued reports on OGS. Wells Fargo & Company assumed coverage on ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 price objective for the company. Morgan Stanley set a $80.00 target price on ONE Gas in a research note on Wednesday, June 24th. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Friday, June 26th. BTIG Research assumed coverage on ONE Gas in a research report on Friday, June 12th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Capital One Financial set a $93.00 price target on ONE Gas in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.90.
View Our Latest Analysis on ONE Gas
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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