Atlantic Trust LLC Holds Stake in ONE Gas, Inc. (OGS)
Atlantic Trust LLC maintained its position in shares of ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,500 shares of the utilities provider’s stock at the close of the 2nd quarter. Atlantic Trust LLC’s holdings in ONE Gas were worth $244,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of OGS. BlackRock Inc. boosted its holdings in shares of ONE Gas by 7,323.6% during the first quarter. BlackRock Inc. now owns 5,499,707 shares of the utilities provider’s stock worth $371,780,000 after purchasing an additional 5,425,623 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of ONE Gas during the second quarter worth approximately $23,194,000. First Trust Advisors LP boosted its holdings in shares of ONE Gas by 612.0% during the second quarter. First Trust Advisors LP now owns 349,710 shares of the utilities provider’s stock worth $24,413,000 after purchasing an additional 300,592 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of ONE Gas by 41.6% during the second quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock worth $48,322,000 after purchasing an additional 203,201 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of ONE Gas by 13.1% during the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock worth $89,998,000 after purchasing an additional 149,153 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.
Shares of ONE Gas, Inc. (NYSE OGS) traded up 0.21% during trading on Monday, reaching $74.91. 33,447 shares of the company traded hands. The stock has a market cap of $3.92 billion, a P/E ratio of 26.10 and a beta of 0.10. ONE Gas, Inc. has a 12 month low of $56.64 and a 12 month high of $76.06. The stock’s 50 day moving average price is $74.67 and its 200-day moving average price is $71.70.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The business had revenue of $279.69 million during the quarter, compared to analysts’ expectations of $257.87 million. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts expect that ONE Gas, Inc. will post $2.99 EPS for the current fiscal year.
Several analysts recently commented on the stock. UBS AG cut shares of ONE Gas from a “neutral” rating to a “sell” rating and raised their price target for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Zacks Investment Research lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Jefferies Group LLC reaffirmed a “sell” rating and set a $62.00 price objective on shares of ONE Gas in a research report on Sunday, September 10th. BidaskClub raised shares of ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Morgan Stanley raised their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.50.
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.
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