Numeric Investors LLC reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 61.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,500 shares of the utilities provider’s stock after selling 48,800 shares during the quarter. Numeric Investors LLC owned 0.06% of ONE Gas worth $2,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in ONE Gas by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after acquiring an additional 23 shares in the last quarter. World Asset Management Inc raised its stake in ONE Gas by 0.8% during the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE raised its stake in ONE Gas by 0.4% during the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock worth $530,000 after acquiring an additional 28 shares in the last quarter. Capstone Asset Management Co. raised its stake in ONE Gas by 1.0% during the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 40 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in ONE Gas by 1.3% during the second quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock worth $435,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Several research analysts have issued reports on OGS shares. Morgan Stanley increased their price objective on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research note on Thursday, August 10th. UBS AG lowered ONE Gas from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $71.00 to $72.00 in a research note on Monday, October 2nd. BidaskClub lowered ONE Gas from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Thursday, July 13th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $62.00 target price on shares of ONE Gas in a research note on Sunday, September 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $67.50.

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Shares of ONE Gas, Inc. (NYSE OGS) opened at 74.23 on Friday. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 25.86 and a beta of 0.10. ONE Gas, Inc. has a 52 week low of $55.98 and a 52 week high of $76.06. The stock has a 50 day moving average price of $74.66 and a 200-day moving average price of $71.39.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The business had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. ONE Gas’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that ONE Gas, Inc. will post $2.98 earnings per share for the current year.

About ONE Gas

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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