Northwestern Mutual Investment Management Company LLC increased its position in ONE Gas Inc (NYSE:OGS) by 56.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,695 shares of the utilities provider’s stock after purchasing an additional 3,850 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in ONE Gas were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its stake in shares of ONE Gas by 2.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,606 shares of the utilities provider’s stock valued at $2,087,000 after purchasing an additional 743 shares during the period. Flinton Capital Management LLC raised its stake in ONE Gas by 10.4% during the first quarter. Flinton Capital Management LLC now owns 8,330 shares of the utilities provider’s stock valued at $550,000 after buying an additional 782 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in ONE Gas by 28.3% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,552 shares of the utilities provider’s stock valued at $260,000 after buying an additional 784 shares during the last quarter. Riverhead Capital Management LLC raised its stake in ONE Gas by 10.7% during the first quarter. Riverhead Capital Management LLC now owns 8,270 shares of the utilities provider’s stock valued at $546,000 after buying an additional 800 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in ONE Gas by 2.5% during the first quarter. Bahl & Gaynor Inc. now owns 51,873 shares of the utilities provider’s stock valued at $3,425,000 after buying an additional 1,260 shares during the last quarter. Institutional investors own 74.14% of the company’s stock.
In other ONE Gas news, Director Michael G. Hutchinson purchased 700 shares of the firm’s stock in a transaction dated Friday, May 25th. The stock was purchased at an average price of $73.10 per share, for a total transaction of $51,170.00. Following the completion of the purchase, the director now directly owns 8,630 shares of the company’s stock, valued at $630,853. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.62% of the stock is owned by insiders.
Shares of ONE Gas opened at $74.70 on Friday, MarketBeat Ratings reports. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 4.17 and a beta of 0.17. ONE Gas Inc has a 12-month low of $62.20 and a 12-month high of $79.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.59 and a quick ratio of 0.53.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, April 30th. The utilities provider reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.24. ONE Gas had a return on equity of 8.96% and a net margin of 10.90%. The firm had revenue of $638.46 million during the quarter, compared to analysts’ expectations of $562.60 million. During the same quarter in the previous year, the business earned $1.44 earnings per share. research analysts anticipate that ONE Gas Inc will post 3.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, May 11th. ONE Gas’s dividend payout ratio is currently 62.37%.
A number of research analysts have issued reports on OGS shares. Bank of America reiterated an “underperform” rating on shares of ONE Gas in a research note on Tuesday, February 27th. Morgan Stanley lifted their price objective on ONE Gas from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Monday, April 16th. Zacks Investment Research cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. Finally, Jefferies Financial Group upgraded ONE Gas from an “underperform” rating to a “hold” rating in a research note on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $71.40.
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.
Want to see what other hedge funds are holding OGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONE Gas Inc (NYSE:OGS).
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.