Inspire Investing LLC Grows Stake in ONE Gas, Inc. (NYSE:OGS)

Inspire Investing LLC lifted its stake in ONE Gas, Inc. (NYSE:OGS) by 84.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the utilities provider’s stock after buying an additional 4,620 shares during the period. Inspire Investing LLC’s holdings in ONE Gas were worth $752,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Rothschild Investment LLC purchased a new position in ONE Gas in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares in the last quarter. GAMMA Investing LLC increased its stake in ONE Gas by 75.2% during the 3rd 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 period. Hexagon Capital Partners LLC lifted its holdings in ONE Gas by 147.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock worth $52,000 after buying an additional 479 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in ONE Gas in the 2nd quarter valued at about $64,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

OGS has been the topic of several recent analyst reports. Wells Fargo & Company upgraded ONE Gas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $71.00 to $80.00 in a research note on Wednesday, September 11th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Finally, Morgan Stanley increased their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.58.

ONE Gas Stock Up 0.9 %

OGS stock opened at $72.38 on Tuesday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 3.72 and a beta of 0.66. ONE Gas, Inc. has a 1-year low of $55.50 and a 1-year high of $74.99. The firm has a fifty day moving average price of $70.26 and a two-hundred day moving average price of $66.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share 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 business had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. During the same quarter last year, the company earned $0.58 EPS. ONE Gas’s revenue was down 11.0% compared to the same quarter last year. Research analysts predict that ONE Gas, Inc. will post 3.84 EPS for the current year.

ONE Gas Company 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.