UBS Asset Management Americas Inc. lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,326 shares of the utilities provider’s stock after selling 1,041 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of ONE Gas worth $2,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of ONE Gas by 7,323.6% in the 1st quarter. BlackRock Inc. now owns 5,499,707 shares of the utilities provider’s stock valued at $371,780,000 after buying an additional 5,425,623 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ONE Gas by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,072,922 shares of the utilities provider’s stock valued at $342,929,000 after buying an additional 103,662 shares during the last quarter. State Street Corp grew its position in shares of ONE Gas by 2.1% in the 1st quarter. State Street Corp now owns 1,735,769 shares of the utilities provider’s stock valued at $117,337,000 after buying an additional 36,475 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of ONE Gas by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 929,920 shares of the utilities provider’s stock valued at $62,863,000 after buying an additional 12,972 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of ONE Gas by 0.3% in the 1st quarter. AQR Capital Management LLC now owns 804,443 shares of the utilities provider’s stock valued at $54,381,000 after buying an additional 2,094 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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A number of research firms have commented on OGS. UBS AG lowered ONE Gas from a “neutral” rating to a “sell” rating and upped their price target for the company from $71.00 to $72.00 in a research report on Monday, October 2nd. Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Morgan Stanley upped their price target on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $67.50.

ONE Gas, Inc. (OGS) opened at 74.75 on Friday. ONE Gas, Inc. has a 52 week low of $56.64 and a 52 week high of $76.06. The firm has a market capitalization of $3.91 billion, a P/E ratio of 26.05 and a beta of 0.10. The stock has a 50 day moving average price of $74.67 and a 200-day moving average price of $71.68.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Analysts anticipate that ONE Gas, Inc. will post $2.99 EPS for the current fiscal 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.

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

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