International Assets Investment Management LLC Invests $8.83 Million in ONE Gas, Inc. (NYSE:OGS)

International Assets Investment Management LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 138,492 shares of the utilities provider’s stock, valued at approximately $8,825,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. Midwest Financial Group LLC grew its position in shares of ONE Gas by 18.2% in the fourth quarter. Midwest Financial Group LLC now owns 11,516 shares of the utilities provider’s stock valued at $734,000 after purchasing an additional 1,775 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of ONE Gas by 152.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 6,917 shares of the utilities provider’s stock valued at $443,000 after acquiring an additional 4,175 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of ONE Gas during the fourth quarter valued at approximately $768,000. Pacer Advisors Inc. raised its holdings in shares of ONE Gas by 23.4% during the fourth quarter. Pacer Advisors Inc. now owns 8,329 shares of the utilities provider’s stock valued at $531,000 after acquiring an additional 1,581 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of ONE Gas by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,280 shares of the utilities provider’s stock valued at $1,037,000 after acquiring an additional 767 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

ONE Gas stock opened at $65.08 on Tuesday. The firm has a 50 day simple moving average of $62.94 and a 200-day simple moving average of $62.00. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 3.39 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 1-year low of $55.50 and a 1-year high of $83.89.

ONE Gas (NYSE:OGS) last released 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. The firm had revenue of $605.90 million for 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 quarterly revenue was down 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, analysts expect that ONE Gas, Inc. will post 3.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on OGS shares. UBS Group initiated coverage on ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective for the company. Mizuho raised their price target on shares of ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. LADENBURG THALM/SH SH upgraded shares of 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. Morgan Stanley increased their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company raised their target price on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.56.

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.