Mackenzie Financial Corp Sells 41,217 Shares of ONE Gas, Inc. (NYSE:OGS)

Mackenzie Financial Corp reduced its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 90.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,562 shares of the utilities provider’s stock after selling 41,217 shares during the quarter. Mackenzie Financial Corp’s holdings in ONE Gas were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OGS. AE Wealth Management LLC acquired a new position in ONE Gas during the third quarter worth $205,000. Commonwealth Equity Services LLC boosted its stake in shares of ONE Gas by 79.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,142 shares of the utilities provider’s stock worth $829,000 after buying an additional 5,388 shares during the last quarter. GW Henssler & Associates Ltd. bought a new position in shares of ONE Gas in the 3rd quarter valued at about $225,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ONE Gas by 20.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,419 shares of the utilities provider’s stock valued at $780,000 after acquiring an additional 1,968 shares during the last quarter. Finally, Strs Ohio raised its holdings in ONE Gas by 2.8% during the third quarter. Strs Ohio now owns 18,300 shares of the utilities provider’s stock worth $1,249,000 after acquiring an additional 500 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of NYSE OGS opened at $63.95 on Friday. The business has a fifty day moving average price of $62.33 and a two-hundred day moving average price of $62.20. The stock has a market capitalization of $3.62 billion, a PE ratio of 15.45, a P/E/G ratio of 3.35 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. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $83.89.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. The business had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. During the same quarter in the prior year, the business posted $1.23 earnings per share. ONE Gas’s revenue was down 26.0% compared to the same quarter last year. As a group, equities analysts predict that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OGS shares. UBS Group assumed coverage on ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price target for the company. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a report on Tuesday, March 5th. Morgan Stanley increased their price target on shares of ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. 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 increased their price target on shares of ONE Gas from $63.00 to $64.00 and gave the company 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 company’s stock. Based on data from MarketBeat.com, ONE Gas has an average rating of “Hold” and an average target price of $64.56.

About ONE Gas

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.