Tower Research Capital LLC TRC lowered its stake in ONE Gas Inc (NYSE:OGS) by 37.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,526 shares of the utilities provider’s stock after selling 919 shares during the period. Tower Research Capital LLC TRC’s holdings in ONE Gas were worth $138,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Alpha Windward LLC bought a new position in shares of ONE Gas in the second quarter worth $26,000. Steward Partners Investment Advisory LLC bought a new position in shares of ONE Gas in the second quarter worth $31,000. Nomura Asset Management Co. Ltd. bought a new position in shares of ONE Gas in the second quarter worth $47,000. Qube Research & Technologies Ltd bought a new position in shares of ONE Gas in the second quarter worth $206,000. Finally, Weiss Asset Management LP bought a new position in shares of ONE Gas in the first quarter worth $208,000. Institutional investors own 75.63% of the company’s stock.
ONE Gas stock traded up $0.67 during midday trading on Wednesday, reaching $95.98. The company’s stock had a trading volume of 8,697 shares, compared to its average volume of 227,697. ONE Gas Inc has a 52 week low of $75.51 and a 52 week high of $95.71. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $90.92 and a 200-day moving average price of $89.63. The stock has a market cap of $4.97 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 4.59 and a beta of 0.32.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, August 9th. ONE Gas’s dividend payout ratio is currently 61.54%.
OGS has been the topic of a number of recent analyst reports. UBS Group upgraded ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 price target on the stock in a research report on Tuesday, September 10th. Morgan Stanley set a $82.00 target price on ONE Gas and gave the company a “sell” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.00.
In related news, insider Jeffrey J. Husen sold 300 shares of ONE Gas stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $89.64, for a total value of $26,892.00. Following the transaction, the insider now directly owns 1,787 shares of the company’s stock, valued at $160,186.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.76% of the stock is owned by insiders.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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