ONE Gas, Inc. (NYSE:OGS) Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in ONE Gas, Inc. (NYSE:OGS) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,000 shares of the utilities provider’s stock after buying an additional 700 shares during the period. Strs Ohio’s holdings in ONE Gas were worth $1,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in ONE Gas by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 15,771 shares of the utilities provider’s stock worth $1,077,000 after buying an additional 213 shares during the last quarter. Blair William & Co. IL boosted its stake in ONE Gas by 8.4% in the 3rd quarter. Blair William & Co. IL now owns 3,080 shares of the utilities provider’s stock worth $210,000 after buying an additional 238 shares during the last quarter. Diversified Trust Co boosted its stake in ONE Gas by 3.8% in the 4th quarter. Diversified Trust Co now owns 9,516 shares of the utilities provider’s stock worth $606,000 after buying an additional 347 shares during the last quarter. Inspire Investing LLC boosted its stake in ONE Gas by 10.1% in the 3rd quarter. Inspire Investing LLC now owns 4,501 shares of the utilities provider’s stock worth $307,000 after buying an additional 412 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in ONE Gas by 1.1% in the 3rd quarter. Magellan Asset Management Ltd now owns 38,759 shares of the utilities provider’s stock worth $2,646,000 after buying an additional 422 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Performance

ONE Gas stock opened at $64.64 on Tuesday. The stock’s 50 day moving average price is $61.99 and its 200 day moving average price is $62.26. The firm has a market capitalization of $3.66 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 3.33 and a beta of 0.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $83.89.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The firm had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same period in the previous year, the company posted $1.23 EPS. ONE Gas’s revenue for the quarter was down 26.0% on a year-over-year basis. As a group, sell-side analysts expect that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

Analyst Ratings Changes

OGS has been the topic of several research analyst reports. UBS Group initiated coverage on ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective on the stock. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective on the stock in a research note on Tuesday, March 5th. Mizuho lifted their price objective on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Finally, Morgan Stanley lifted their price objective on ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, ONE Gas has a consensus rating of “Hold” and a consensus target price of $64.56.

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.