Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,056 Shares of ONE Gas, Inc. (NYSE:OGS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,475 shares of the utilities provider’s stock after purchasing an additional 1,056 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ONE Gas were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OGS. AE Wealth Management LLC acquired a new position in ONE Gas during the third quarter worth $205,000. Commonwealth Equity Services LLC increased its holdings in shares of ONE Gas by 79.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,142 shares of the utilities provider’s stock valued at $829,000 after acquiring an additional 5,388 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in shares of ONE Gas during the 3rd quarter valued at about $225,000. Mackenzie Financial Corp raised its stake in shares of ONE Gas by 5.1% in the 3rd quarter. Mackenzie Financial Corp now owns 45,779 shares of the utilities provider’s stock valued at $3,042,000 after acquiring an additional 2,242 shares in the last quarter. Finally, Strs Ohio lifted its holdings in ONE Gas by 2.8% in the 3rd quarter. Strs Ohio now owns 18,300 shares of the utilities provider’s stock worth $1,249,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 1.1 %

OGS opened at $64.64 on Tuesday. The firm’s fifty day moving average is $62.41 and its two-hundred day moving average is $62.13. The firm has a market cap of $3.66 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 3.32 and a beta of 0.65. ONE Gas, Inc. has a twelve month low of $55.50 and a twelve month high of $83.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting analysts’ consensus estimates of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The company had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same quarter last year, the firm posted $1.23 earnings per share. ONE Gas’s revenue was down 26.0% compared to the same quarter last year. Equities research analysts anticipate that ONE Gas, Inc. will post 3.86 EPS for the current year.

Analyst Upgrades and Downgrades

OGS has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Mizuho raised their price target on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective for the company in a research report on Tuesday, March 5th. Wells Fargo & Company increased their target price on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Finally, UBS Group initiated coverage on ONE Gas in a research report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.56.

About ONE Gas

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.