Forsta AP Fonden cut its holdings in ONE Gas Inc (NYSE:OGS) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,300 shares of the utilities provider’s stock after selling 4,200 shares during the quarter. Forsta AP Fonden’s holdings in ONE Gas were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of OGS. Northern Trust Corp raised its holdings in ONE Gas by 23.3% in the 2nd quarter. Northern Trust Corp now owns 1,171,689 shares of the utilities provider’s stock worth $87,572,000 after acquiring an additional 221,087 shares during the last quarter. FMR LLC raised its stake in ONE Gas by 127.1% during the 2nd quarter. FMR LLC now owns 371,028 shares of the utilities provider’s stock valued at $27,731,000 after buying an additional 207,628 shares during the last quarter. WINTON GROUP Ltd raised its stake in ONE Gas by 6,892.4% during the 3rd quarter. WINTON GROUP Ltd now owns 205,088 shares of the utilities provider’s stock valued at $16,875,000 after buying an additional 202,155 shares during the last quarter. BlackRock Inc. raised its stake in ONE Gas by 2.3% during the 2nd quarter. BlackRock Inc. now owns 6,006,477 shares of the utilities provider’s stock valued at $448,926,000 after buying an additional 132,617 shares during the last quarter. Finally, Carillon Tower Advisers Inc. raised its stake in ONE Gas by 65.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 266,506 shares of the utilities provider’s stock valued at $19,919,000 after buying an additional 105,825 shares during the last quarter. 74.98% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas stock traded up $0.11 during midday trading on Friday, reaching $86.45. The stock had a trading volume of 307,817 shares, compared to its average volume of 207,512. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.45 and a quick ratio of 0.30. ONE Gas Inc has a 52-week low of $62.20 and a 52-week high of $87.30. The firm has a market capitalization of $4.54 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 4.64 and a beta of 0.27.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, October 29th. The utilities provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $238.28 million for the quarter, compared to analyst estimates of $250.60 million. ONE Gas had a net margin of 10.70% and a return on equity of 8.63%. During the same period last year, the company posted $0.36 earnings per share. Research analysts anticipate that ONE Gas Inc will post 3.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.13%. ONE Gas’s dividend payout ratio is presently 62.37%.

A number of brokerages have recently issued reports on OGS. Wells Fargo & Co upped their target price on shares of ONE Gas from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. UBS Group set a $77.00 price objective on shares of ONE Gas and gave the company a “sell” rating in a report on Tuesday, October 30th. Bank of America increased their price objective on shares of ONE Gas from $68.00 to $74.00 and gave the company an “underperform” rating in a report on Monday, October 29th. Morgan Stanley increased their price objective on shares of ONE Gas from $76.00 to $78.00 and gave the company a “sell” rating in a report on Tuesday, September 11th. Finally, ValuEngine upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.83.

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ONE Gas Company 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.

Further Reading: Market Capitalization in the Stock Market

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

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