Cwm LLC Grows Position in ONE Gas, Inc. (NYSE:OGS)

Cwm LLC grew its position in shares of ONE Gas, Inc. (NYSE:OGS) by 17.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680 shares of the utilities provider’s stock after purchasing an additional 248 shares during the quarter. Cwm LLC’s holdings in ONE Gas were worth $125,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OGS. Energy Income Partners LLC boosted its holdings in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares in the last quarter. American Century Companies Inc. increased its stake in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares in the last quarter. Zimmer Partners LP acquired a new position in ONE Gas in the 1st quarter worth about $16,939,000. Earnest Partners LLC purchased a new position in ONE Gas during the second quarter worth approximately $12,594,000. Finally, Jane Street Group LLC grew its holdings in ONE Gas by 283.6% in the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after purchasing an additional 142,865 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OGS has been the subject of several research analyst reports. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Morgan Stanley boosted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price objective on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.30.

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $73.06 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas, Inc. has a 1 year low of $55.50 and a 1 year high of $74.99. The firm has a market capitalization of $4.14 billion, a PE ratio of 18.50, a P/E/G ratio of 3.82 and a beta of 0.66. The business’s 50 day moving average price is $71.61 and its 200-day moving average price is $66.74.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm had revenue of $354.14 million during the quarter, compared to analysts’ expectations of $362.06 million. During the same quarter in the previous year, the business posted $0.58 EPS. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, equities research analysts expect that ONE Gas, Inc. will post 3.86 earnings per share for the current fiscal year.

ONE Gas Profile

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.