International Assets Investment Management LLC Takes Position in ONE Gas, Inc. (NYSE:OGS)

International Assets Investment Management LLC acquired a new stake in ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 138,492 shares of the utilities provider’s stock, valued at approximately $8,825,000. International Assets Investment Management LLC owned 0.25% of ONE Gas at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OGS. Jupiter Asset Management Ltd. boosted its holdings in ONE Gas by 1,312.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 243,486 shares of the utilities provider’s stock valued at $16,625,000 after purchasing an additional 226,246 shares during the period. Barclays PLC grew its position in ONE Gas by 162.5% during the third quarter. Barclays PLC now owns 330,631 shares of the utilities provider’s stock worth $22,575,000 after buying an additional 204,655 shares in the last quarter. Victory Capital Management Inc. increased its stake in ONE Gas by 11.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,451,343 shares of the utilities provider’s stock worth $99,098,000 after acquiring an additional 146,110 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of ONE Gas in the 3rd quarter valued at about $9,796,000. Finally, Northern Trust Corp boosted its position in shares of ONE Gas by 8.1% during the 3rd quarter. Northern Trust Corp now owns 797,996 shares of the utilities provider’s stock valued at $54,487,000 after acquiring an additional 59,665 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

OGS has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective for the company in a report on Tuesday, March 5th. Wells Fargo & Company increased their target price 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. Mizuho lifted their price target on ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Finally, UBS Group started coverage on ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 price objective on the stock. 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. According to MarketBeat, ONE Gas has a consensus rating of “Hold” and a consensus target price of $64.56.

ONE Gas Stock Down 0.6 %

OGS opened at $65.08 on Tuesday. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $83.89. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $62.94 and its 200-day moving average price is $62.00. The company has a market cap of $3.68 billion, a P/E ratio of 15.72, a P/E/G ratio of 3.39 and a beta of 0.65.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting analysts’ consensus estimates of $1.27. The business had revenue of $605.90 million for the quarter, compared to analysts’ expectations of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The business’s quarterly revenue was down 26.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. On average, equities analysts expect 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.