ONE Gas, Inc. (NYSE:OGS) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in ONE Gas, Inc. (NYSE:OGS) by 9,036.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,383 shares of the utilities provider’s stock after buying an additional 200,168 shares during the period. International Assets Investment Management LLC owned approximately 0.36% of ONE Gas worth $15,061,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of ONE Gas by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock valued at $93,873,000 after buying an additional 10,189 shares during the last quarter. Energy Income Partners LLC grew its position in shares of ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of ONE Gas by 1.5% in the second quarter. Boston Trust Walden Corp now owns 950,716 shares of the utilities provider’s stock worth $60,703,000 after buying an additional 14,016 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of ONE Gas by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock worth $57,308,000 after buying an additional 61,192 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on OGS. Morgan Stanley raised their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Finally, Wells Fargo & Company lifted their target price on ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.30.

ONE Gas Stock Down 1.1 %

NYSE:OGS opened at $72.87 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $71.74 and a 200-day moving average of $66.86. The firm has a market capitalization of $4.12 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 3.78 and a beta of 0.66. ONE Gas, Inc. has a 52 week low of $55.50 and a 52 week high of $74.99.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. ONE Gas’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. Analysts predict that ONE Gas, Inc. will post 3.86 EPS for the current year.

ONE Gas Profile

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.