Louisiana State Employees Retirement System Buys Shares of 15,600 ONE Gas, Inc. (NYSE:OGS)

Louisiana State Employees Retirement System bought a new stake in ONE Gas, Inc. (NYSE:OGS) during the 4th quarter, Holdings Channel.com reports. The firm bought 15,600 shares of the utilities provider’s stock, valued at approximately $994,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of ONE Gas by 0.4% during 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 in the last quarter. Wellington Management Group LLP raised its stake in shares of ONE Gas by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,502,466 shares of the utilities provider’s stock worth $102,588,000 after purchasing an additional 43,678 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of ONE Gas by 11.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,451,343 shares of the utilities provider’s stock worth $99,098,000 after purchasing an additional 146,110 shares in the last quarter. Northern Trust Corp raised its stake in shares of ONE Gas by 8.1% during the 3rd quarter. Northern Trust Corp now owns 797,996 shares of the utilities provider’s stock worth $54,487,000 after purchasing an additional 59,665 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of ONE Gas by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 682,934 shares of the utilities provider’s stock worth $46,631,000 after purchasing an additional 8,227 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $64.93 on Thursday. 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 stock’s fifty day moving average price is $62.20 and its two-hundred day moving average price is $62.26. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $83.89. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 3.35 and a beta of 0.65.

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 analysts’ consensus estimates of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The firm had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same period in the prior year, the firm posted $1.23 EPS. The company’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 year.

Wall Street Analyst Weigh In

OGS has been the topic of a number of analyst reports. 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. Morgan Stanley boosted their target price on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. UBS Group began coverage on ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 target price on the stock. Wells Fargo & Company boosted their target price on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Finally, Mizuho boosted their target price on ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $64.56.

ONE Gas Company 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.