ONE Gas, Inc. (NYSE:OGS) Shares Purchased by abrdn plc

abrdn plc grew its position in shares of ONE Gas, Inc. (NYSE:OGS) by 39.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 344,673 shares of the utilities provider’s stock after acquiring an additional 97,090 shares during the quarter. abrdn plc owned about 0.62% of ONE Gas worth $21,963,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OGS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in ONE Gas by 9.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,475 shares of the utilities provider’s stock worth $795,000 after purchasing an additional 1,056 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of ONE Gas in the fourth quarter worth $555,000. Strs Ohio raised its stake in shares of ONE Gas by 3.8% in the 4th quarter. Strs Ohio now owns 19,000 shares of the utilities provider’s stock valued at $1,210,000 after acquiring an additional 700 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of ONE Gas during the 4th quarter valued at $994,000. Finally, Miller Howard Investments Inc. NY boosted its position in ONE Gas by 73.3% during the 4th quarter. Miller Howard Investments Inc. NY now owns 17,858 shares of the utilities provider’s stock worth $1,138,000 after purchasing an additional 7,555 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. UBS Group started coverage on ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 target price on the stock. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target for the company in a report on Tuesday, March 5th. Morgan Stanley lifted their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, Mizuho boosted their target price on shares of ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ONE Gas has an average rating of “Hold” and an average price target of $64.56.

ONE Gas Trading Down 0.2 %

OGS opened at $64.52 on Wednesday. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $83.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The stock has a market capitalization of $3.65 billion, a PE ratio of 15.58, a P/E/G ratio of 3.35 and a beta of 0.65. The firm’s fifty day moving average price is $62.10 and its 200 day moving average price is $62.24.

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

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.