Redpoint Investment Management Pty Ltd Decreases Stake in ONE Gas, Inc. (NYSE:OGS)


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Redpoint Investment Management Pty Ltd lowered its position in ONE Gas, Inc. (NYSE:OGS) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,552 shares of the utilities provider’s stock after selling 1,931 shares during the period. Redpoint Investment Management Pty Ltd owned 0.06% of ONE Gas worth $2,576,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in ONE Gas in the 2nd quarter valued at $25,000. CI Investments Inc. purchased a new position in ONE Gas in the 3rd quarter valued at $27,000. QV Investors Inc. purchased a new position in ONE Gas in the 3rd quarter valued at $45,000. CWM LLC lifted its holdings in ONE Gas by 136.1% in the 3rd quarter. CWM LLC now owns 694 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 400 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in ONE Gas in the 2nd quarter valued at $49,000. Institutional investors own 73.02% of the company’s stock.

Several research analysts have recently commented on the company. Morgan Stanley lifted their price target on ONE Gas from $71.00 to $74.00 and gave the stock an “underweight” rating in a report on Tuesday, December 15th. Mizuho lifted their price target on ONE Gas from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Finally, Stifel Nicolaus began coverage on ONE Gas in a report on Thursday, December 17th. They set a “buy” rating and a $87.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.30.

NYSE OGS opened at $71.49 on Thursday. The company has a market cap of $3.80 billion, a P/E ratio of 20.14, a P/E/G ratio of 4.03 and a beta of 0.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.64 and a quick ratio of 0.46. The stock has a 50-day moving average of $77.57 and a two-hundred day moving average of $74.67. ONE Gas, Inc. has a 1-year low of $63.67 and a 1-year high of $96.97.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 2nd. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $244.64 million during the quarter, compared to the consensus estimate of $242.40 million. ONE Gas had a return on equity of 8.69% and a net margin of 12.63%. ONE Gas’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, analysts anticipate that ONE Gas, Inc. will post 3.61 EPS for the current fiscal year.

ONE Gas Profile

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates in three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. 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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