ONE Gas, Inc. $OGS Shares Sold by ProShare Advisors LLC

Key Points

• ProShare Advisors reduced its ONE Gas stake by 13.1% in the third quarter, selling 53,286 shares and retaining 352,562 shares valued at approximately $25.3 million. Institutional investors collectively own 88.71% of OGS.
• ONE Gas reported quarterly EPS of $0.53, beating estimates by $0.05, while revenue reached $391.31 million, up 3.2% year over year but below analyst expectations.
• OGS shares opened at $79.88, and analysts maintain a “Moderate Buy” consensus with an average price target of $86.46; ratings include seven Buys and six Holds.

ProShare Advisors LLC lessened its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 13.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 352,562 shares of the utilities provider's stock after selling 53,286 shares during the quarter. ProShare Advisors LLC owned approximately 0.56% of ONE Gas worth $25,339,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of OGS. Vise Technologies Inc. raised its stake in ONE Gas by 8.5% during the third quarter. Vise Technologies Inc. now owns 11,863 shares of the utilities provider's stock valued at $853,000 after buying an additional 930 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new position in shares of ONE Gas in the 3rd quarter worth approximately $227,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of ONE Gas by 7.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 43,819 shares of the utilities provider's stock worth $3,149,000 after acquiring an additional 3,000 shares in the last quarter. Signaturefd LLC increased its holdings in shares of ONE Gas by 210.6% in the 3rd quarter. Signaturefd LLC now owns 3,131 shares of the utilities provider's stock valued at $225,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of ONE Gas by 2.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,083 shares of the utilities provider's stock valued at $1,084,000 after acquiring an additional 352 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Up 1.7%

NYSE:OGS opened at $79.88 on Tuesday. The firm has a market capitalization of $5.02 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.64. The stock has a 50 day moving average of $76.22 and a 200-day moving average of $80.82. ONE Gas, Inc. has a 52 week low of $70.37 and a 52 week high of $90.78. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The utilities provider reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $391.31 million for the quarter, compared to analysts' expectations of $398.23 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. Analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OGS shares. BTIG Research set a $89.00 price target on ONE Gas in a research report on Tuesday, October 20th. Wells Fargo & Company raised shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price objective for the company in a report on Thursday, August 6th. Truist Financial dropped their target price on shares of ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Jefferies Financial Group cut shares of ONE Gas from a "buy" rating to a "hold" rating and dropped their target price for the stock from $103.00 to $80.00 in a report on Wednesday, October 7th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 price target on the stock in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, ONE Gas currently has a consensus rating of "Moderate Buy" and an average target price of $86.46.

ONE Gas Company Profile

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