ONE Gas, Inc. $OGS Position Boosted by Sei Investments Co.

Key Points

• Sei Investments increased its ONE Gas stake by 26% in the first quarter to 79,565 shares, while institutional investors and hedge funds collectively own 88.71% of the company.
• Analysts maintain a generally neutral outlook, with an average “Hold” rating and a consensus price target of $89.70. Individual targets range from $81 to $93.
• ONE Gas shares opened at $78.47, up 1.1%, but the company’s latest quarterly results fell slightly short of expectations: EPS was $2.11 versus $2.13 expected, while revenue declined 11.1% year over year to $831.71 million.

Sei Investments Co. lifted its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 26.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,565 shares of the utilities provider's stock after purchasing an additional 16,438 shares during the quarter. Sei Investments Co. owned 0.13% of ONE Gas worth $6,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in OGS. V Square Quantitative Management LLC purchased a new position in ONE Gas during the fourth quarter valued at approximately $25,000. Triumph Capital Management lifted its position in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock worth $27,000 after buying an additional 247 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of ONE Gas during the 4th quarter valued at $29,000. Torren Management LLC purchased a new position in shares of ONE Gas during the 4th quarter valued at $31,000. Finally, Quarry LP grew its holdings in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 267 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on OGS. Wells Fargo & Company initiated coverage on ONE Gas in a report on Monday, May 11th. They set an "underweight" rating and a $85.00 price objective for the company. Capital One Financial set a $93.00 target price on ONE Gas in a research note on Friday, June 12th. Morgan Stanley upped their target price on ONE Gas from $80.00 to $81.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. Mizuho reduced their price target on ONE Gas from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, June 9th. Finally, Wolfe Research initiated coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a "peer perform" rating for the company. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $89.70.

ONE Gas Stock Up 1.1%

ONE Gas stock opened at $78.47 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 1-year low of $71.71 and a 1-year high of $90.78. The firm's fifty day simple moving average is $78.22 and its 200-day simple moving average is $82.56. The company 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.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company's revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.99 earnings per share. Sell-side analysts forecast that ONE Gas, Inc. will post 4.88 earnings per share for the current fiscal 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.

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