IFM Investors Pty Ltd Sells 413 Shares of ONE Gas, Inc. (NYSE:OGS)

IFM Investors Pty Ltd decreased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,434 shares of the utilities provider’s stock after selling 413 shares during the quarter. IFM Investors Pty Ltd’s holdings in ONE Gas were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OGS. Energy Income Partners LLC increased its holdings in shares of ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock valued at $68,317,000 after acquiring an additional 366,363 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after acquiring an additional 272,923 shares in the last quarter. Zimmer Partners LP bought a new stake in ONE Gas during the first quarter worth $16,939,000. International Assets Investment Management LLC grew its holdings in ONE Gas by 9,036.9% during the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after buying an additional 200,168 shares in the last quarter. Finally, Earnest Partners LLC bought a new stake in ONE Gas during the second quarter worth $12,594,000. Institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Morgan Stanley upped their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company upped their price target on ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $68.30.

ONE Gas Stock Up 0.9 %

Shares of NYSE:OGS opened at $73.69 on Tuesday. The company has a market capitalization of $4.17 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 3.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. The business has a fifty day moving average price of $71.61 and a two-hundred day moving average price of $66.78. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $74.99.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. Analysts forecast that ONE Gas, Inc. will post 3.86 earnings per share 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.