Linden Thomas Advisory Services LLC Cuts Holdings in ONE Gas, Inc. (NYSE:OGS)

Linden Thomas Advisory Services LLC decreased its position in ONE Gas, Inc. (NYSE:OGS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,461 shares of the utilities provider’s stock after selling 390 shares during the period. Linden Thomas Advisory Services LLC’s holdings in ONE Gas were worth $921,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BKM Wealth Management LLC bought a new stake in ONE Gas during the fourth quarter worth $28,000. DekaBank Deutsche Girozentrale bought a new stake in shares of ONE Gas during the 3rd quarter worth $189,000. CI Investments Inc. boosted its holdings in shares of ONE Gas by 288.0% in the 3rd quarter. CI Investments Inc. now owns 2,879 shares of the utilities provider’s stock worth $197,000 after buying an additional 2,137 shares during the last quarter. AE Wealth Management LLC bought a new position in ONE Gas during the third quarter valued at about $205,000. Finally, Blair William & Co. IL increased its holdings in ONE Gas by 8.4% during the third quarter. Blair William & Co. IL now owns 3,080 shares of the utilities provider’s stock worth $210,000 after buying an additional 238 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 a number of research analyst reports. UBS Group started coverage on shares of ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 target price on the stock. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective on the stock in a research note on Tuesday, March 5th. Wells Fargo & Company raised their target price on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Morgan Stanley upped their price target on ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, Mizuho boosted their price objective on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average target price of $64.56.

ONE Gas Trading Up 0.7 %

Shares of OGS opened at $64.93 on Thursday. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $83.89. The stock has a market cap of $3.67 billion, a PE ratio of 15.68, a P/E/G ratio of 3.34 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $62.20 and its 200-day moving average price is $62.26.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, meeting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. During the same quarter in the previous year, the company earned $1.23 earnings per share. ONE Gas’s revenue for the quarter was down 26.0% on a year-over-year basis. On average, equities analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current fiscal 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.