Sei Investments Co. Buys 16,438 Shares of ONE Gas, Inc. $OGS

Sei Investments Co. raised its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 26.0% during the 1st quarter, HoldingsChannel reports. The firm owned 79,565 shares of the utilities provider’s stock after purchasing an additional 16,438 shares during the quarter. Sei Investments Co.’s holdings in ONE Gas were worth $6,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its holdings in shares of ONE Gas by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after buying an additional 125 shares during the period. Corient Private Wealth LLC grew its stake in ONE Gas by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock valued at $312,000 after buying an additional 135 shares during the last quarter. Parallel Advisors LLC raised its holdings in ONE Gas by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 141 shares during the period. EverSource Wealth Advisors LLC raised its holdings in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 161 shares during the period. Finally, Captrust Financial Advisors lifted its position in ONE Gas by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

NYSE:OGS opened at $78.47 on Tuesday. The firm’s 50-day moving average is $78.22 and its 200-day moving average is $82.56. ONE Gas, Inc. has a 52-week low of $71.71 and a 52-week high of $90.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.56 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. During the same quarter in the previous year, the business posted $1.99 EPS. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. Equities research analysts anticipate that ONE Gas, Inc. will post 4.88 earnings per share for the current year.

Wall Street Analyst Weigh In

OGS has been the subject of a number of recent analyst reports. Wolfe Research started coverage on shares of ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. Mizuho lowered their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company began coverage on ONE Gas in a research report on Monday, May 11th. They issued an “underweight” rating and a $85.00 price target on the stock. Capital One Financial set a $93.00 price target on ONE Gas in a research report on Friday, June 12th. Finally, Morgan Stanley upped their price target on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and a consensus target price of $89.70.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.