ONE Gas, Inc. (NYSE:OGS) Shares Acquired by abrdn plc

abrdn plc grew its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,405 shares of the utilities provider's stock after purchasing an additional 9,487 shares during the period. abrdn plc owned about 0.58% of ONE Gas worth $24,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OGS. BNP Paribas Financial Markets boosted its holdings in shares of ONE Gas by 127.8% in the first quarter. BNP Paribas Financial Markets now owns 86,764 shares of the utilities provider's stock valued at $5,599,000 after purchasing an additional 48,671 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of ONE Gas in the 1st quarter worth $575,000. Quantbot Technologies LP grew its position in shares of ONE Gas by 399.7% during the 1st quarter. Quantbot Technologies LP now owns 17,633 shares of the utilities provider's stock worth $1,138,000 after buying an additional 14,104 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of ONE Gas by 5.3% during the first quarter. ProShare Advisors LLC now owns 630,069 shares of the utilities provider's stock valued at $40,658,000 after buying an additional 31,665 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of ONE Gas by 52.1% in the first quarter. Ameritas Investment Partners Inc. now owns 27,610 shares of the utilities provider's stock valued at $1,782,000 after acquiring an additional 9,456 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

NYSE OGS traded down $1.23 on Friday, hitting $70.04. 344,606 shares of the company's stock traded hands, compared to its average volume of 401,908. The firm has a market capitalization of $3.97 billion, a PE ratio of 17.97, a P/E/G ratio of 3.74 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's 50-day moving average price is $72.02 and its two-hundred day moving average price is $67.01. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results 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 net margin of 10.83% and a return on equity of 8.04%. The firm had revenue of $354.14 million for the quarter, compared to analysts' expectations of $362.06 million. During the same period last year, the firm earned $0.58 earnings per share. ONE Gas's revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, analysts expect that ONE Gas, Inc. will post 3.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. StockNews.com lowered ONE Gas from a "hold" rating to a "sell" rating in a research report on Saturday, July 20th. Finally, Wells Fargo & Company raised their price objective on ONE Gas from $80.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $68.30.

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.