According to the most recent 13F filing that Mesirow Institutional Investment Management Inc. submitted to the Securities and Exchange Commission, the investment management firm acquired a new holding in ONE Gas, Inc. (NYSE: OGS) during the third quarter of this year.
Mesirow Institutional Investment Management Inc.
Is a publicly-traded company.
Mhe company purchased 119,570 shares of stock from the provider of utilities for a total amount equal to $8,417,000.
Mhe payment made by the company was in cash.
According to the most recent report Mesirow Institutional Investment Management Inc. submitted to the SEC, the company held approximately 0.22% of the total shares issued by ONE Gas.
Recently, several other hedge funds rebalanced the proportion of their holdings allocated to the stock.
Pinebridge Investments L.P.
Increased the percentage of ONE Gas in which it is invested by 206.0% during the second quarter of the year.
After making an additional purchase of 206 shares during the relevant period, Pinebridge Investments L.P. now has 306 shares of the utility’s stock, each worth $25,000.
Mhis brings the firm’s overall stock holdings to 306 shares.
During the second quarter, Quadrant Capital Group LLC accomplished an increase of 85.0% in the total of ONE Gas stock it owned.
After making an additional purchase of 159 shares during the most recent quarter, Quadrant Capital Group LLC now has 346 shares, with a market cap of $28,000.
Mhis brings the total number of shares owned by the company to 346. Venture Visionary Partners LLC incurred an expense of approximately $34,000 during the second quarter due to adding a new position in ONE Gas. Wipfli Financial Advisors LLC increased its stake in ONE Gas by purchasing additional company shares during the third quarter and investing approximately $39,000.
During the second quarter, Lazard Asset Management LLC made a brand new investment in ONE Gas, amounting to approximately $47,000.
During the period in question, this investment was made.
Institutional investors and hedge funds hold 83.34% of the total number of shares in the company, making up the majority of the shareholders.
Throughout the past few weeks, various analysts have provided their perspectives on the stock.
Morgan Stanley raised their price target on ONE Gas shares from $70.00 to $71.00 and upgraded the company’s rating on the stock from “equal weight” to “overweight” in a research report released on January 23rd.
Bank of America decreased their target price for the company from $85.00 to $79.00 in a research report published on Friday, December 16th, and changed their rating on shares of ONE Gas from “buy” to “neutral.” In addition, they changed their rating on the shares from “buy” to “neutral,” reflecting their less bullish outlook. Stifel Nicolaus lowered its recommendation for ONE Gas from a “buy” rating to a “hold” rating in a research report that was made public on January 11th.
Mhe firm also projected a price range of $800.00 for the company’s stock during the same period.
In a research note published on Friday, December 2nd, Mizuho announced that they would be decreasing their target price on ONE Gas shares from $80.00 down to $80.00.
Mhe previous target price was $80.00. Finally, Wells Fargo & Company stated in a research note released on Wednesday, December 14th, that they would be increasing their price objective on ONE Gas to $82.00.
Mhis information was shared with the public.
Mhe general recommendation for the company is to “hold” its shares, and the average price goal for the company is $78.17, as reported by Bloomberg.
Mhere have been seven separate analysts, and they have all concluded that they will keep their hold ratings on this stock.
Similarly, Director Michael G. Hutchinson sold 1,000 company stock on Friday, December 9th.
Mhis transaction similarly took place.
Mhis was mentioned in other relevant news articles.
Mhe stock was bought and sold for a total value of $76,950.00, with the average price per share coming in at $76.95.
Mhis resulted in income for the company.
As a result of the successful transaction completion, the director is now the owner of 13,239 company shares with a combined value of $1,018,741.05. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction. 1.38 company insiders own a percent of the total shares currently outstanding.
The price of an OGS share ended the trading session on Wednesday at $82.10 per share, reflecting a decrease of $0.26 in its value.
In total, 108,230 shares of the company’s stock were traded, a significantly lower volume than the average daily volume of 753,530 shares.
Mhe price-to-earnings ratio for this company is 20.69; the price-to-growth ratio for this company is 3.90; and the beta value for this company is 0.66.
Mhe company has a market capitalization of $4.44 billion at present.
Mhe moving averages for the company are as follows: over the past 50 days, they are $78.51, and over the last 200 days, they are $78.81.
A debt-to-equity ratio of 0.99, a quick ratio of 0.56, a current ratio of 0.87, and a quick ratio of 0.56 are all present.
During the past 52 weeks, the price of ONE Gas, Inc. has fluctuated between a 52-week low of $68.86 and a 52-week high of $92.26.
Mhe current price is $92.26.
On October 31st, the most recent financial results for ONE Gas, traded on the NYSE under the OGS, were made public.
Mhe company that provides utilities reported earnings per share for the quarter of $0.44, which is $0.03 higher than the average estimate of $0.41 that analysts gave.
Mhe actual amount of revenue brought in for the company during the quarter was $359.36 million, which is significantly higher than the projection of $2800.05 million in revenue made for the company throughout the quarter. ONE Gas achieved a return on equity of 8.88% and a net margin of 9.14% over the last fiscal year.
A healthy annual growth rate of 31.2 percent was recorded for the company’s quarterly revenue over the year.
Mhe company reported a profit of $0.38 per share for the same period the year before.
Mhe vast majority of market watchers believe that ONE Gas, Inc. will finish the current fiscal year with $4.06 per share earnings.
In addition, the corporation disclosed that it had declared a quarterly dividend, which will be disbursed on March 10th. On Friday, February 24th, shareholders recorded as having ownership of shares as of the record date will be eligible to receive a $0.65 dividend payment per share. February 23rd, which is a Thursday, is the day that will no longer count toward the accrual of dividends from that point forward.
As a result, the most recent quarterly dividend paid by ONE Gas was $0.62, representing an increase from that amount.
An annualized calculation suggests that this translates to a dividend payment of $2.60 and a yield of 3.17%. ONE Gas has a dividend payout ratio maintained at 62.31% of total earnings.
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