ONE Gas, Inc. $OGS Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 55.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,043 shares of the utilities provider’s stock after selling 27,807 shares during the period. Lazard Asset Management LLC’s holdings in ONE Gas were worth $1,899,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OGS. Mackenzie Financial Corp boosted its stake in ONE Gas by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 125 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of ONE Gas by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 135 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of ONE Gas by 16.3% during the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in ONE Gas by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after purchasing an additional 164 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

OGS has been the topic of a number of research analyst reports. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial decreased their price objective on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.70.

ONE Gas Trading Up 1.1%

NYSE:OGS opened at $78.47 on Tuesday. ONE Gas, Inc. has a 12-month low of $71.71 and a 12-month high of $90.78. The firm has a market capitalization of $4.92 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The business has a 50 day simple moving average of $78.22 and a 200 day simple moving average of $82.56.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $831.71 million for the quarter, compared to the consensus estimate of $969.36 million. During the same quarter in the previous year, the company earned $1.99 earnings per share. ONE Gas’s quarterly revenue was down 11.1% compared to the same quarter last year. Equities research analysts predict that ONE Gas, Inc. will post 4.88 EPS for the current year.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.