ONE Gas Inc (NYSE:OGS) Position Trimmed by Dean Capital Management

Dean Capital Management decreased its holdings in ONE Gas Inc (NYSE:OGS) by 49.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,290 shares of the utilities provider’s stock after selling 20,515 shares during the period. Dean Capital Management’s holdings in ONE Gas were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of ONE Gas by 2.3% during the second quarter. BlackRock Inc. now owns 6,006,477 shares of the utilities provider’s stock worth $448,926,000 after acquiring an additional 132,617 shares during the period. Victory Capital Management Inc. increased its stake in shares of ONE Gas by 5.6% during the second quarter. Victory Capital Management Inc. now owns 926,883 shares of the utilities provider’s stock worth $69,275,000 after acquiring an additional 48,976 shares during the period. Dimensional Fund Advisors LP grew its position in ONE Gas by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 830,534 shares of the utilities provider’s stock worth $62,074,000 after buying an additional 2,298 shares during the period. Silvercrest Asset Management Group LLC grew its position in ONE Gas by 25.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 645,045 shares of the utilities provider’s stock worth $42,586,000 after buying an additional 131,084 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in ONE Gas by 0.4% during the second quarter. Duff & Phelps Investment Management Co. now owns 615,900 shares of the utilities provider’s stock worth $46,032,000 after buying an additional 2,330 shares during the period. 74.24% of the stock is owned by institutional investors and hedge funds.

In related news, Director Arcilia Acosta purchased 1,265 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were bought at an average price of $78.94 per share, with a total value of $99,859.10. Following the completion of the purchase, the director now directly owns 2,277 shares in the company, valued at approximately $179,746.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.62% of the company’s stock.

Several research analysts have weighed in on the stock. Wells Fargo & Co upped their target price on shares of ONE Gas from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Morgan Stanley upped their price target on shares of ONE Gas from $70.00 to $76.00 and gave the company an “underweight” rating in a report on Monday, July 16th. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Jefferies Financial Group reaffirmed a “$75.39” rating and issued a $67.00 price target on shares of ONE Gas in a report on Wednesday, July 18th. Finally, ValuEngine raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.75.

Shares of OGS opened at $83.58 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.32 billion, a P/E ratio of 28.33, a PEG ratio of 4.44 and a beta of 0.17. ONE Gas Inc has a 1 year low of $62.20 and a 1 year high of $83.99.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, July 30th. The utilities provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. The company had revenue of $292.52 million for the quarter, compared to the consensus estimate of $275.30 million. ONE Gas had a net margin of 10.80% and a return on equity of 8.85%. During the same quarter last year, the firm posted $0.39 earnings per share. On average, equities analysts predict that ONE Gas Inc will post 3.25 EPS for the current year.

ONE Gas 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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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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