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

ProShare Advisors LLC lessened its position in ONE Gas, Inc. (NYSE:OGS) by 13.1% during the third quarter, Holdings Channel reports. The fund owned 352,562 shares of the utilities provider’s stock after selling 53,286 shares during the quarter. ProShare Advisors LLC’s holdings in ONE Gas were worth $25,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in ONE Gas by 61.0% during the 1st quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 208 shares during the period. State of Wyoming bought a new position in ONE Gas in the 2nd quarter worth about $60,000. Versant Capital Management Inc increased its stake in shares of ONE Gas by 219.3% in the second quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 603 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ONE Gas in the second quarter valued at approximately $77,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of ONE Gas in the second quarter valued at approximately $89,000. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OGS. Jefferies Financial Group cut ONE Gas from a “buy” rating to a “hold” rating and cut their price target for the company from $103.00 to $80.00 in a report on Wednesday, October 7th. Truist Financial decreased their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 13th. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price on the stock in a research report on Thursday, August 13th. BTIG Research set a $89.00 target price on ONE Gas in a research note on Tuesday, October 20th. Finally, Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Sunday. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.46.

ONE Gas Stock Up 1.7%

OGS stock opened at $79.88 on Tuesday. ONE Gas, Inc. has a 52 week low of $70.37 and a 52 week high of $90.78. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.64. The firm’s 50-day moving average is $76.22 and its two-hundred day moving average is $80.82. 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) last posted its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The business had revenue of $391.31 million for the quarter, compared to analyst estimates of $398.23 million. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts forecast that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Profile