Exchange Traded Concepts LLC Raises Holdings in ONE Gas, Inc. (NYSE:OGS)

Exchange Traded Concepts LLC grew its position in shares of ONE Gas, Inc. (NYSE:OGS) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,493 shares of the utilities provider’s stock after buying an additional 3,091 shares during the quarter. Exchange Traded Concepts LLC’s holdings in ONE Gas were worth $8,818,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in OGS. Inspire Investing LLC grew its holdings in shares of ONE Gas by 84.3% during the third quarter. Inspire Investing LLC now owns 10,100 shares of the utilities provider’s stock worth $752,000 after buying an additional 4,620 shares during the last quarter. CWM LLC grew its holdings in shares of ONE Gas by 17.3% during the third quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after buying an additional 248 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after buying an additional 261 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of ONE Gas by 80.0% during the third quarter. SG Americas Securities LLC now owns 16,863 shares of the utilities provider’s stock worth $1,255,000 after buying an additional 7,494 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of ONE Gas during the second quarter worth about $364,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $71.71 on Monday. 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 52 week low of $55.50 and a 52 week high of $74.99. The company has a market cap of $4.06 billion, a P/E ratio of 17.71, a PEG ratio of 3.72 and a beta of 0.66. The company has a 50-day moving average price of $70.26 and a 200 day moving average price of $66.08.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. Research analysts predict that ONE Gas, Inc. will post 3.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on 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 lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Finally, Wells Fargo & Company upgraded shares of ONE Gas from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $71.00 to $80.00 in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average target price of $66.58.

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.