Zurcher Kantonalbank Zurich Cantonalbank Buys 1,056 Shares of ONE Gas, Inc. (NYSE:OGS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 9.2% during the 4th quarter, HoldingsChannel reports. The firm owned 12,475 shares of the utilities provider’s stock after acquiring an additional 1,056 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ONE Gas were worth $795,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OGS. Vanguard Group Inc. grew its stake in shares of ONE Gas by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after buying an additional 27,831 shares during the last quarter. Wellington Management Group LLP grew its position in 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 acquiring an additional 43,678 shares during the last quarter. Victory Capital Management Inc. increased its holdings in ONE Gas by 11.2% in 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 position in ONE Gas by 8.1% in the third quarter. Northern Trust Corp now owns 797,996 shares of the utilities provider’s stock valued at $54,487,000 after purchasing an additional 59,665 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of ONE Gas by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 682,934 shares of the utilities provider’s stock valued at $46,631,000 after purchasing an additional 8,227 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $64.64 on Tuesday. The business has a 50-day moving average price of $62.41 and a two-hundred day moving average price of $62.13. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $83.89. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.66 billion, a P/E ratio of 15.61, a PEG ratio of 3.32 and a beta of 0.65.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS 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 return on equity of 8.63% and a net margin of 9.75%. The firm’s revenue was down 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, analysts anticipate that ONE Gas, Inc. will post 3.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OGS shares. Wells Fargo & Company upped their price objective on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. UBS Group began coverage on shares of ONE Gas in a research note on Friday, April 12th. They set a “sell” rating and a $61.00 price target for the company. Morgan Stanley boosted their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Mizuho raised their target price on ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target on the stock in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.