Morgan Stanley raised its position in shares of ONE Gas Inc (NYSE:OGS) by 38.8% during the third quarter, Holdings Channel reports. The fund owned 417,699 shares of the utilities provider’s stock after buying an additional 116,694 shares during the quarter. Morgan Stanley’s holdings in ONE Gas were worth $34,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leavell Investment Management Inc. bought a new stake in ONE Gas during the third quarter valued at $289,000. Edgemoor Investment Advisors Inc. bought a new stake in ONE Gas during the third quarter valued at $206,000. WINTON GROUP Ltd boosted its position in ONE Gas by 6,892.4% during the third quarter. WINTON GROUP Ltd now owns 205,088 shares of the utilities provider’s stock valued at $16,875,000 after acquiring an additional 202,155 shares during the last quarter. US Bancorp DE boosted its position in ONE Gas by 16.4% during the third quarter. US Bancorp DE now owns 8,607 shares of the utilities provider’s stock valued at $707,000 after acquiring an additional 1,212 shares during the last quarter. Finally, FMR LLC boosted its position in shares of ONE Gas by 127.1% during the 2nd quarter. FMR LLC now owns 371,028 shares of the utilities provider’s stock worth $27,731,000 after purchasing an additional 207,628 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on OGS shares. Morgan Stanley cut their price objective on shares of ONE Gas from $78.00 to $77.00 and set a “sell” rating on the stock in a research report on Friday, September 21st. UBS Group set a $78.00 price objective on shares of ONE Gas and gave the stock a “sell” rating in a research report on Friday, December 14th. Bank of America increased their price objective on shares of ONE Gas from $68.00 to $74.00 and gave the stock an “underperform” rating in a research report on Monday, October 29th. ValuEngine raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Finally, Wells Fargo & Co increased their price objective on shares of ONE Gas from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $77.00.

OGS stock opened at $77.54 on Monday. The stock has a market cap of $4.07 billion, a PE ratio of 26.28, a P/E/G ratio of 8.36 and a beta of 0.37. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.44. ONE Gas Inc has a 1 year low of $62.20 and a 1 year high of $87.75.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 29th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $238.28 million for the quarter, compared to analysts’ expectations of $250.60 million. ONE Gas had a net margin of 10.70% and a return on equity of 8.63%. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, sell-side analysts expect that ONE Gas Inc will post 3.28 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “ONE Gas Inc (OGS) Shares Bought by Morgan Stanley” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/one-gas-inc-ogs-shares-bought-by-morgan-stanley/2744814.html.

ONE Gas Company Profile

ONE Gas, Inc engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.

Further Reading: What are the benefits of momentum investing?

Want to see what other hedge funds are holding OGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONE Gas Inc (NYSE:OGS).

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

Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.