Franklin Resources Inc. held its stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 438,181 shares of the utilities provider’s stock at the close of the second quarter. Franklin Resources Inc. owned 0.84% of ONE Gas worth $30,589,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of OGS. BlackRock Inc. grew its holdings in ONE Gas by 7,323.6% during the first quarter. BlackRock Inc. now owns 5,499,707 shares of the utilities provider’s stock worth $371,780,000 after acquiring an additional 5,425,623 shares during the period. Victory Capital Management Inc. grew its holdings in ONE Gas by 75.4% during the first quarter. Victory Capital Management Inc. now owns 892,314 shares of the utilities provider’s stock worth $60,320,000 after acquiring an additional 383,600 shares during the period. William Blair Investment Management LLC acquired a new position in ONE Gas during the second quarter worth about $23,194,000. First Trust Advisors LP grew its holdings in ONE Gas by 612.0% during the second quarter. First Trust Advisors LP now owns 349,710 shares of the utilities provider’s stock worth $24,413,000 after acquiring an additional 300,592 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its holdings in ONE Gas by 73.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 340,930 shares of the utilities provider’s stock worth $23,800,000 after acquiring an additional 143,835 shares during the period. 73.10% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Morgan Stanley increased their price target on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.17.
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ONE Gas, Inc. (NYSE OGS) opened at 74.71 on Tuesday. The company has a 50 day moving average price of $74.57 and a 200-day moving average price of $70.55. ONE Gas, Inc. has a 52-week low of $55.98 and a 52-week high of $76.06. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 26.03 and a beta of 0.11.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that ONE Gas, Inc. will post $2.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a $0.42 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a yield of 2.25%. ONE Gas’s payout ratio is 58.54%.
ONE Gas Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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