ONE Gas, Inc. (NYSE:OGS) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 12.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,379 shares of the utilities provider’s stock after selling 202 shares during the quarter. EntryPoint Capital LLC’s holdings in ONE Gas were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in ONE Gas in the 4th quarter valued at about $30,395,000. First Trust Advisors LP lifted its position in shares of ONE Gas by 15.3% during the 4th quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after purchasing an additional 147,471 shares during the last quarter. International Assets Investment Management LLC purchased a new position in ONE Gas in the fourth quarter valued at $8,825,000. Victory Capital Management Inc. raised its stake in ONE Gas by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock valued at $98,682,000 after buying an additional 97,346 shares in the last quarter. Finally, abrdn plc lifted its holdings in ONE Gas by 39.2% during the 4th quarter. abrdn plc now owns 344,673 shares of the utilities provider’s stock worth $21,963,000 after buying an additional 97,090 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Trading Up 1.4 %

Shares of NYSE:OGS traded up $0.97 during trading on Friday, reaching $70.14. 118,857 shares of the stock were exchanged, compared to its average volume of 428,150. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $82.06. The firm’s 50-day moving average price is $63.02 and its 200 day moving average price is $62.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.39 and a current ratio of 0.47. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 3.60 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The business had revenue of $758.32 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company posted $1.84 earnings per share. The firm’s revenue for the quarter was down 26.5% on a year-over-year basis. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 3.85 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.64 annualized dividend and a dividend yield of 3.76%. ONE Gas’s payout ratio is 65.19%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho upped their price target on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Morgan Stanley decreased their price objective on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. UBS Group began coverage on ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Finally, StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.69.

ONE Gas Company 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.