Allianz Asset Management GmbH reduced its stake in ONE Gas Inc (NYSE:OGS) by 66.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,996 shares of the utilities provider’s stock after selling 19,813 shares during the period. Allianz Asset Management GmbH’s holdings in ONE Gas were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Heritage Trust Co lifted its position in shares of ONE Gas by 41.4% in the 2nd quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 680 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ONE Gas by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 139 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of 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 valued at $174,000 after acquiring an additional 2,383 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $243,000. Finally, Blair William & Co. IL purchased a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $247,000. 72.76% of the stock is owned by institutional investors.
ONE Gas Inc (NYSE OGS) opened at $68.91 on Friday. ONE Gas Inc has a 12 month low of $61.42 and a 12 month high of $79.51. The company has a market cap of $3,621.53, a price-to-earnings ratio of 23.05, a PEG ratio of 3.78 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The business had revenue of $247.14 million for the quarter, compared to analyst estimates of $242.75 million. During the same period last year, the business posted $0.24 EPS. research analysts forecast that ONE Gas Inc will post 3.02 earnings per share for the current year.
Several brokerages recently commented on OGS. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Wednesday, November 8th. Morgan Stanley upped their price objective on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Jefferies Group reiterated a “sell” rating and issued a $63.00 price objective on shares of ONE Gas in a research note on Wednesday, December 20th. Finally, UBS Group lowered shares of ONE Gas from a “neutral” rating to a “sell” rating and upped their price objective for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. ONE Gas presently has a consensus rating of “Hold” and an average price target of $73.75.
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ONE Gas Company 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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