Federated Hermes Inc. Sells 254 Shares of ONE Gas, Inc. (NYSE:OGS)

Federated Hermes Inc. decreased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 5,954 shares of the utilities provider’s stock after selling 254 shares during the period. Federated Hermes Inc.’s holdings in ONE Gas were worth $412,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in ONE Gas during the 4th quarter worth $43,344,000. JPMorgan Chase & Co. raised its position in ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock worth $59,849,000 after acquiring an additional 152,028 shares during the period. Barclays PLC increased its stake in shares of ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock worth $7,859,000 after purchasing an additional 54,237 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in ONE Gas by 61.8% in the fourth quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider’s stock valued at $9,758,000 after purchasing an additional 53,800 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of ONE Gas in the third quarter valued at $3,135,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Up 0.7 %

Shares of NYSE OGS opened at $77.45 on Friday. The business has a 50-day moving average of $73.93 and a 200-day moving average of $72.72. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 3.64 and a beta of 0.74. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. Sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research note on Monday, March 17th. Morgan Stanley lifted their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Jefferies Financial Group raised ONE Gas from a “hold” rating to a “buy” rating and raised their price target for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $75.21.

ONE Gas Company 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.