Beck Bode LLC Takes Position in ONE Gas, Inc. (NYSE:OGS)

Beck Bode LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,503 shares of the utilities provider's stock, valued at approximately $860,000.

A number of other hedge funds also recently bought and sold shares of OGS. AE Wealth Management LLC acquired a new position in shares of ONE Gas during the third quarter worth $205,000. Commonwealth Equity Services LLC increased its position in shares of ONE Gas by 79.8% during the third quarter. Commonwealth Equity Services LLC now owns 12,142 shares of the utilities provider's stock worth $829,000 after purchasing an additional 5,388 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new position in shares of ONE Gas during the third quarter worth $225,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ONE Gas by 20.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,419 shares of the utilities provider's stock worth $780,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of ONE Gas by 5.1% during the third quarter. Mackenzie Financial Corp now owns 45,779 shares of the utilities provider's stock worth $3,042,000 after purchasing an additional 2,242 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Analyst Ratings Changes

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

ONE Gas Stock Performance

OGS traded up $0.53 during midday trading on Wednesday, hitting $65.05. 278,147 shares of the company were exchanged, compared to its average volume of 421,833. The company's 50 day simple moving average is $62.58 and its 200 day simple moving average is $62.11. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 3.35 and a beta of 0.65. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $83.89.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. The company had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The firm's revenue for the quarter was down 26.0% compared to the same quarter last year. During the same period last year, the firm earned $1.23 EPS. As a group, sell-side analysts predict that ONE Gas, Inc. will post 3.86 earnings per share for the current year.

About ONE Gas

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.