Federated Hermes Inc. Sells 13,630 Shares of ONE Gas, Inc. (NYSE:OGS)

Federated Hermes Inc. reduced its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,908 shares of the utilities provider's stock after selling 13,630 shares during the quarter. Federated Hermes Inc.'s holdings in ONE Gas were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BKM Wealth Management LLC purchased a new position in shares of ONE Gas during the fourth quarter worth approximately $28,000. DekaBank Deutsche Girozentrale purchased a new position in shares of ONE Gas during the third quarter worth approximately $189,000. CI Investments Inc. raised its stake in shares of ONE Gas by 288.0% during the third quarter. CI Investments Inc. now owns 2,879 shares of the utilities provider's stock worth $197,000 after acquiring an additional 2,137 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of ONE Gas during the third quarter worth approximately $205,000. Finally, Blair William & Co. IL raised its stake in shares of ONE Gas by 8.4% during the third quarter. Blair William & Co. IL now owns 3,080 shares of the utilities provider's stock worth $210,000 after acquiring an additional 238 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $64.50 target price on the stock in a report on Tuesday, March 5th. Wells Fargo & Company raised their target price on shares of ONE Gas from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. Morgan Stanley raised their target price on shares of ONE Gas from $57.00 to $58.00 and gave the stock an "equal weight" rating in a report on Thursday, March 21st. UBS Group began coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a "sell" rating and a $61.00 target price on the stock. Finally, Mizuho raised their target price on shares of ONE Gas from $63.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.56.

ONE Gas Trading Down 0.2 %

NYSE:OGS traded down $0.10 during trading hours on Tuesday, hitting $64.52. The company had a trading volume of 521,797 shares, compared to its average volume of 423,564. The company has a market capitalization of $3.65 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 3.32 and a beta of 0.65. The stock has a 50-day moving average price of $62.41 and a 200 day moving average price of $62.13. ONE Gas, Inc. has a 52 week low of $55.50 and a 52 week high of $83.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, meeting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The business had revenue of $605.90 million for the quarter, compared to analysts' expectations of $751.77 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm's revenue for the quarter was down 26.0% compared to the same quarter last year. On average, equities research analysts predict that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

ONE Gas Profile

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.