Diversified Trust Co Has $691,000 Stake in ONE Gas, Inc. (NYSE:OGS)

Diversified Trust Co grew its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 6.0% during the second quarter, HoldingsChannel.com reports. The firm owned 10,823 shares of the utilities provider’s stock after acquiring an additional 615 shares during the quarter. Diversified Trust Co’s holdings in ONE Gas were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in OGS. Wellington Management Group LLP boosted its stake in shares of ONE Gas by 3.5% in the fourth quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock valued at $99,098,000 after buying an additional 52,740 shares during the period. Victory Capital Management Inc. lifted its position in shares of ONE Gas by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock valued at $98,682,000 after acquiring an additional 97,346 shares during the period. First Trust Advisors LP grew its holdings 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 in the last quarter. Energy Income Partners LLC grew its holdings in shares of ONE Gas by 52.9% during the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after purchasing an additional 366,363 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of ONE Gas by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 817,199 shares of the utilities provider’s stock worth $52,073,000 after purchasing an additional 47,320 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Trading Down 0.9 %

Shares of NYSE:OGS traded down $0.62 during mid-day trading on Wednesday, reaching $66.74. 10,270 shares of the company’s stock were exchanged, compared to its average volume of 430,150. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.62 and a beta of 0.66. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $75.89. The business’s fifty day moving average price is $64.72 and its 200-day moving average price is $63.13. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.39 and a current ratio of 0.47.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The business’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. On average, research analysts predict that ONE Gas, Inc. will post 3.85 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, August 14th. ONE Gas’s payout ratio is 65.19%.

Analysts Set New Price Targets

Several research firms have commented on OGS. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Mizuho raised their target price on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Wells Fargo & Company lifted their price target on ONE Gas from $68.00 to $71.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley decreased their target price on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.69.

About ONE Gas

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.