TIAA CREF Investment Management LLC reduced its holdings in ONE Gas, Inc. (NYSE:OGS) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,533 shares of the utilities provider’s stock after selling 17,196 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.35% of ONE Gas worth $12,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of OGS. BlackRock Inc. increased its holdings 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 worth $371,780,000 after buying an additional 5,425,623 shares during the last quarter. Vanguard Group Inc. raised its position in shares of ONE Gas by 2.1% during 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 in the last quarter. State Street Corp raised its position in shares of ONE Gas by 2.1% during 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of ONE Gas by 1.4% during 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 in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of ONE Gas by 0.3% during 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 in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. UBS AG downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and increased their price target for the company from $71.00 to $72.00 in a report on Monday. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Jefferies Group LLC reissued a “sell” rating and set a $62.00 price objective on shares of ONE Gas in a research note 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 objective 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 assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.50.

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ONE Gas, Inc. (OGS) opened at 73.86 on Tuesday. The company has a market cap of $3.86 billion, a PE ratio of 25.74 and a beta of 0.10. ONE Gas, Inc. has a 52-week low of $55.98 and a 52-week high of $76.06. The firm’s 50-day moving average is $74.69 and its 200-day moving average is $71.23.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the 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 during the quarter, compared to analyst estimates of $257.87 million. During the same period in the prior year, the business posted $0.38 EPS. ONE Gas’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that ONE Gas, Inc. will post $2.98 EPS for the current year.

ONE Gas Profile

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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