ONE Gas, Inc. (NYSE:OGS) Shares Bought by Exchange Traded Concepts LLC

by · The Cerbat Gem

Exchange Traded Concepts LLC grew its position in shares of ONE Gas, Inc. (NYSE:OGS – Free Report) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,493 shares of the utilities provider’s stock after purchasing an additional 3,091 shares during the period. Exchange Traded Concepts LLC owned approximately 0.21% of ONE Gas worth $8,818,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in ONE Gas during the second quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in shares of ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 261 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of ONE Gas by 147.8% in the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 479 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of ONE Gas in the second quarter valued at $64,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OGS shares. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Wells Fargo & Company upgraded ONE Gas from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $80.00 in a research note on Wednesday, September 11th. Finally, Morgan Stanley increased their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.58.

Check Out Our Latest Analysis on ONE Gas

ONE Gas Stock Performance

NYSE:OGS opened at $71.71 on Monday. The firm has a market capitalization of $4.06 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 3.72 and a beta of 0.66. The business’s fifty day moving average price is $70.26 and its 200 day moving average price is $66.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $74.99.

ONE Gas (NYSE:OGS – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million for the quarter, compared to analysts’ expectations of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 3.84 earnings per share for the current fiscal year.

ONE Gas Company Profile

(Free Report)

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.

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