Creative Planning Acquires 1,021 Shares of ONE Gas, Inc. (NYSE:OGS)

Creative Planning increased its holdings in ONE Gas, Inc. (NYSE:OGS) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,203 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the period. Creative Planning’s holdings in ONE Gas were worth $2,248,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in ONE Gas during the second quarter valued at $30,000. EverSource Wealth Advisors LLC increased its position in ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC increased its position in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 261 shares during the last quarter. Hexagon Capital Partners LLC increased its position in ONE Gas by 147.8% during the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 479 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in ONE Gas during the second quarter valued at $64,000. Institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OGS. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Wells Fargo & Company boosted their price objective on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.30.

ONE Gas Stock Down 0.7 %

Shares of OGS opened at $73.06 on Monday. The firm has a market capitalization of $4.14 billion, a P/E ratio of 18.50, a P/E/G ratio of 3.82 and a beta of 0.66. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $74.99. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average price of $71.61 and a 200-day moving average price of $66.78.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $362.06 million. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was down 11.0% compared to the same quarter last year. Equities research analysts expect that ONE Gas, Inc. will post 3.86 earnings per share for the current year.

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.