IFM Investors Pty Ltd Invests $493,000 in ONE Gas, Inc. (NYSE:OGS)

IFM Investors Pty Ltd bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,647 shares of the utilities provider’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in ONE Gas by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after purchasing an additional 27,831 shares during the period. Wellington Management Group LLP boosted its position in shares of ONE Gas by 3.5% during the fourth quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock worth $99,098,000 after acquiring an additional 52,740 shares during the last quarter. Victory Capital Management Inc. grew its stake in ONE Gas by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock valued at $98,682,000 after acquiring an additional 97,346 shares in the last quarter. First Trust Advisors LP grew its stake in ONE Gas by 15.3% during the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock valued at $70,657,000 after acquiring an additional 147,471 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in ONE Gas by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 817,199 shares of the utilities provider’s stock worth $52,073,000 after purchasing an additional 47,320 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OGS. Mizuho raised their price objective on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. UBS Group assumed coverage on ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 price target for the company. Wells Fargo & Company lifted their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price for the company in a research report on Tuesday, March 5th. Finally, Morgan Stanley boosted their price target 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.56.

ONE Gas Trading Down 0.9 %

Shares of ONE Gas stock traded down $0.59 on Friday, reaching $63.95. The company had a trading volume of 229,628 shares, compared to its average volume of 293,558. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 3.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The firm’s 50-day moving average price is $62.33 and its two-hundred day moving average price is $62.15. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $83.89.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting 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 analyst estimates of $751.77 million. During the same period in the previous year, the firm earned $1.23 earnings per share. ONE Gas’s quarterly revenue was down 26.0% compared to the same quarter last year. As a group, research analysts predict that ONE Gas, Inc. will post 3.86 earnings per share 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.