ONE Gas Inc (NYSE:OGS) Director Arcilia Acosta bought 1,265 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were purchased at an average cost of $78.94 per share, for a total transaction of $99,859.10. Following the completion of the acquisition, the director now owns 2,277 shares of the company’s stock, valued at $179,746.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:OGS traded down $0.44 during midday trading on Friday, reaching $80.60. The company had a trading volume of 11,905 shares, compared to its average volume of 164,746. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.44. ONE Gas Inc has a 1-year low of $62.20 and a 1-year high of $81.27. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 4.34 and a beta of 0.18.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, July 30th. The utilities provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. ONE Gas had a return on equity of 8.85% and a net margin of 10.80%. The business had revenue of $292.52 million during the quarter, compared to analyst estimates of $275.30 million. During the same quarter last year, the company posted $0.39 EPS. equities analysts predict that ONE Gas Inc will post 3.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 13th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.28%. ONE Gas’s dividend payout ratio (DPR) is 62.37%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of ONE Gas by 2.3% in the 2nd quarter. BlackRock Inc. now owns 6,006,477 shares of the utilities provider’s stock valued at $448,926,000 after purchasing an additional 132,617 shares during the period. Victory Capital Management Inc. boosted its position in shares of ONE Gas by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 926,883 shares of the utilities provider’s stock valued at $69,275,000 after purchasing an additional 48,976 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ONE Gas by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 830,534 shares of the utilities provider’s stock valued at $62,074,000 after purchasing an additional 2,298 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of ONE Gas by 25.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 645,045 shares of the utilities provider’s stock valued at $42,586,000 after purchasing an additional 131,084 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of ONE Gas by 0.4% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 615,900 shares of the utilities provider’s stock valued at $46,032,000 after purchasing an additional 2,330 shares during the period. Institutional investors and hedge funds own 74.23% of the company’s stock.
A number of research firms recently issued reports on OGS. Jefferies Financial Group reaffirmed a “$75.39” rating and set a $67.00 target price on shares of ONE Gas in a report on Wednesday, July 18th. Morgan Stanley lifted their target price on ONE Gas from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, July 16th. Finally, Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average target price of $73.40.
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.
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.