ONE Gas, Inc. (NYSE:OGS) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp raised its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,049,205 shares of the utilities provider’s stock after buying an additional 98,489 shares during the quarter. Boston Trust Walden Corp owned about 1.85% of ONE Gas worth $78,082,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OGS. American Century Companies Inc. boosted its position in ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after acquiring an additional 272,923 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after purchasing an additional 10,189 shares during the period. Energy Income Partners LLC grew its stake in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of ONE Gas by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock worth $57,308,000 after purchasing an additional 61,192 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of ONE Gas by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 792,440 shares of the utilities provider’s stock valued at $50,597,000 after purchasing an additional 20,065 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Down 0.7 %

Shares of OGS traded down $0.54 during midday trading on Friday, reaching $73.06. 226,318 shares of the stock were exchanged, compared to its average volume of 404,316. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 3.82 and a beta of 0.66. The firm has a 50 day simple moving average of $71.61 and a 200-day simple moving average of $66.74. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $74.99.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. Research analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on OGS shares. Morgan Stanley raised their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Wells Fargo & Company raised their target price on ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.30.

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.