Nordea Investment Management AB increased its position in shares of ONE Gas Inc (NYSE:OGS) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,300 shares of the utilities provider’s stock after purchasing an additional 300 shares during the quarter. Nordea Investment Management AB owned approximately 0.05% of ONE Gas worth $2,253,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in ONE Gas by 0.7% in the third quarter. Vanguard Group Inc. now owns 5,050,855 shares of the utilities provider’s stock valued at $415,584,000 after acquiring an additional 36,615 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in ONE Gas by 36.9% in the third quarter. Panagora Asset Management Inc. now owns 3,904 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 1,052 shares during the last quarter. HL Financial Services LLC purchased a new position in ONE Gas in the fourth quarter valued at about $3,509,000. California State Teachers Retirement System boosted its stake in ONE Gas by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 81,708 shares of the utilities provider’s stock valued at $6,504,000 after acquiring an additional 1,936 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in ONE Gas by 37.6% in the fourth quarter. Bessemer Group Inc. now owns 42,186 shares of the utilities provider’s stock valued at $3,358,000 after acquiring an additional 11,525 shares during the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
Shares of NYSE OGS traded up $0.11 during midday trading on Wednesday, hitting $87.01. The company’s stock had a trading volume of 3 shares, compared to its average volume of 190,308. ONE Gas Inc has a one year low of $67.24 and a one year high of $90.52. The company has a quick ratio of 0.62, a current ratio of 0.78 and a debt-to-equity ratio of 0.63. The firm has a market cap of $4.58 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 4.41 and a beta of 0.37.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). ONE Gas had a net margin of 10.54% and a return on equity of 8.50%. The business had revenue of $464.47 million during the quarter, compared to the consensus estimate of $443.39 million. During the same period last year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts expect that ONE Gas Inc will post 3.41 EPS for the current year.
A number of research analysts have weighed in on OGS shares. Zacks Investment Research reiterated a “hold” rating on shares of ONE Gas in a research note on Monday, December 31st. Morgan Stanley dropped their target price on shares of ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 12th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. ONE Gas has a consensus rating of “Hold” and an average price target of $76.67.
In other news, Director Eduardo A. Rodriguez sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $89.04, for a total value of $44,520.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.62% of the company’s stock.
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ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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