ONE Gas, Inc. (NYSE:OGS) Shares Sold by Heritage Trust Co

Heritage Trust Co trimmed its position in shares of ONE Gas, Inc. (NYSE:OGSFree Report) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,294 shares of the utilities provider’s stock after selling 293 shares during the quarter. Heritage Trust Co’s holdings in ONE Gas were worth $225,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in ONE Gas by 8.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,758 shares of the utilities provider’s stock worth $289,000 after acquiring an additional 297 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ONE Gas by 1.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,734 shares of the utilities provider’s stock valued at $1,823,000 after buying an additional 383 shares during the period. IFM Investors Pty Ltd purchased a new stake in shares of ONE Gas during the 2nd quarter valued at $524,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of ONE Gas during the 2nd quarter worth $1,143,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of ONE Gas by 1.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 16,047 shares of the utilities provider’s stock worth $1,233,000 after buying an additional 200 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OGS. TheStreet lowered ONE Gas from a “b-” rating to a “c+” rating in a research note on Monday, October 16th. Guggenheim reduced their price target on shares of ONE Gas from $73.00 to $64.00 in a research report on Monday, October 9th. Bank of America lowered shares of ONE Gas from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $80.00 to $60.00 in a research report on Wednesday, October 25th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Mizuho lowered their price target on ONE Gas from $67.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $68.00.

View Our Latest Research Report on ONE Gas

ONE Gas Price Performance

OGS stock opened at $61.27 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 0.70. ONE Gas, Inc. has a 52-week low of $55.50 and a 52-week high of $83.89. The stock’s 50 day moving average is $61.97 and its two-hundred day moving average is $67.33. The company has a market capitalization of $3.40 billion, a PE ratio of 14.94, a P/E/G ratio of 3.16 and a beta of 0.66.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 23rd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.31%. This is an increase from ONE Gas’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, February 22nd. ONE Gas’s payout ratio is 63.41%.

ONE Gas Profile

(Free Report)

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.

Further Reading

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

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