Guggenheim Capital LLC raised its position in ONE Gas Inc (NYSE:OGS) by 8.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 154,095 shares of the utilities provider’s stock after buying an additional 11,567 shares during the quarter. Guggenheim Capital LLC owned about 0.29% of ONE Gas worth $11,291,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Resources Investment Advisors Inc. increased its stake in ONE Gas by 6,900.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 17,500 shares of the utilities provider’s stock valued at $128,000 after buying an additional 17,250 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in ONE Gas in the 4th quarter valued at $156,000. Signition LP acquired a new position in ONE Gas in the 4th quarter valued at $211,000. Virtu Financial LLC acquired a new position in ONE Gas in the 4th quarter valued at $240,000. Finally, Ferris Capital LLC acquired a new position in ONE Gas in the 4th quarter valued at $251,000. 74.40% of the stock is currently owned by institutional investors.
OGS stock opened at $63.55 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.87. ONE Gas Inc has a 12 month low of $62.20 and a 12 month high of $79.51. The firm has a market cap of $3,403.68, a price-to-earnings ratio of 20.63, a PEG ratio of 3.74 and a beta of 0.18.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.90%. ONE Gas’s dividend payout ratio is 59.74%.
Several equities analysts have issued reports on OGS shares. Zacks Investment Research cut shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Jefferies Group reissued a “sell” rating and issued a $63.00 price objective on shares of ONE Gas in a research note on Wednesday, December 20th. Bank of America reissued an “underperform” rating on shares of ONE Gas in a research note on Tuesday, February 27th. Morgan Stanley boosted their price objective on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Finally, Wells Fargo set a $69.00 price objective on shares of ONE Gas and gave the company a “hold” rating in a research note on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $70.80.
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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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