Advisor Group Inc. decreased its position in ONE Gas, Inc. (NYSE:OGS) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,056 shares of the utilities provider’s stock after selling 434 shares during the period. Advisor Group Inc.’s holdings in ONE Gas were worth $213,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OGS. Independent Portfolio Consultants Inc. bought a new position in ONE Gas in the 2nd quarter worth about $158,000. Heritage Trust Co grew its position in ONE Gas by 41.4% in the 2nd quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 680 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ONE Gas by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 139 shares during the last quarter. D.A. Davidson & CO. grew its position in ONE Gas by 1,953.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock worth $174,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in ONE Gas in the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Thursday, July 13th. UBS AG cut shares of ONE Gas from a “neutral” rating to a “sell” rating and increased their price objective for the company from $71.00 to $72.00 in a report on Monday, October 2nd. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price objective on shares of ONE Gas in a report on Sunday, September 10th. Finally, Morgan Stanley increased their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $67.50.
ONE Gas, Inc. (OGS) opened at 74.76 on Wednesday. ONE Gas, Inc. has a 12-month low of $56.64 and a 12-month high of $76.06. The company has a market capitalization of $3.91 billion, a PE ratio of 26.05 and a beta of 0.10. The stock has a 50 day moving average of $74.67 and a 200 day moving average of $71.70.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $279.69 million during the quarter, compared to analyst estimates of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. On average, equities research analysts predict that ONE Gas, Inc. will post $2.99 EPS for the current year.
ONE Gas Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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