Barclays PLC Has $7.86 Million Holdings in ONE Gas, Inc. (NYSE:OGS)

Barclays PLC grew its holdings in ONE Gas, Inc. (NYSE:OGS) by 105.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,607 shares of the utilities provider’s stock after buying an additional 54,237 shares during the period. Barclays PLC owned 0.19% of ONE Gas worth $7,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC boosted its holdings in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after buying an additional 266 shares during the period. Rothschild Investment LLC acquired a new stake in ONE Gas during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OGS has been the subject of several recent research reports. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research report on Friday, December 6th. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 price objective for the company. Finally, StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.69.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $70.50 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $3.99 billion, a PE ratio of 18.41 and a beta of 0.70. The firm has a 50 day moving average of $73.83 and a 200-day moving average of $69.56. ONE Gas, Inc. has a 12 month low of $57.74 and a 12 month high of $78.89.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same period in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

ONE Gas Profile

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.