15,600 Shares in ONE Gas, Inc. (NYSE:OGS) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,600 shares of the utilities provider’s stock, valued at approximately $994,000.

A number of other institutional investors have also recently added to or reduced their stakes in OGS. International Assets Investment Management LLC bought a new position in shares of ONE Gas in the fourth quarter worth $8,825,000. Jackson Creek Investment Advisors LLC bought a new position in shares of ONE Gas in the third quarter worth $878,000. Lazard Asset Management LLC grew its stake in shares of ONE Gas by 1,674.5% in the third quarter. Lazard Asset Management LLC now owns 30,024 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 28,332 shares in the last quarter. Prudential PLC grew its stake in shares of ONE Gas by 51.4% in the third quarter. Prudential PLC now owns 58,608 shares of the utilities provider’s stock worth $4,002,000 after purchasing an additional 19,906 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of ONE Gas by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after purchasing an additional 27,831 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Up 0.7 %

Shares of ONE Gas stock opened at $64.93 on Thursday. The stock has a 50-day moving average price of $62.20 and a 200 day moving average price of $62.26. The company has a market cap of $3.67 billion, a P/E ratio of 15.68, a P/E/G ratio of 3.35 and a beta of 0.65. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $83.89.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (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 during the quarter, compared to the consensus estimate of $751.77 million. During the same period in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was down 26.0% on a year-over-year basis. As a group, analysts expect that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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