IFM Investors Pty Ltd Takes $493,000 Position in ONE Gas, Inc. (NYSE:OGS)

IFM Investors Pty Ltd purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,647 shares of the utilities provider’s stock, valued at approximately $493,000.

Several other large investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in ONE Gas during the fourth quarter worth about $28,000. Quadrant Capital Group LLC boosted its holdings in ONE Gas by 290.4% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after buying an additional 334 shares during the period. Jones Financial Companies Lllp grew its stake in ONE Gas by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after buying an additional 337 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in ONE Gas by 147.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 479 shares during the period. Finally, Tradewinds Capital Management LLC lifted its position in shares of ONE Gas by 4,411.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,534 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE:OGS traded down $0.59 during trading on Friday, reaching $63.95. The company had a trading volume of 229,628 shares, compared to its average volume of 293,558. The company has a fifty day moving average of $62.33 and a two-hundred day moving average of $62.15. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month 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 stock has a market capitalization of $3.62 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 3.32 and a beta of 0.65.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.27. The firm 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 company’s revenue for the quarter was down 26.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. Equities research analysts forecast that ONE Gas, Inc. will post 3.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho lifted their price target on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Wells Fargo & Company increased their price target on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Morgan Stanley boosted their price objective 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. 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 research note on Tuesday, March 5th. Finally, UBS Group assumed coverage on shares of ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus 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.