DekaBank Deutsche Girozentrale Has $143,000 Stock Position in ONE Gas, Inc. (NYSE:OGS)

DekaBank Deutsche Girozentrale cut its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 98.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,939 shares of the utilities provider's stock after selling 93,470 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in ONE Gas were worth $143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of OGS. Energy Income Partners LLC boosted its holdings in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider's stock worth $68,317,000 after buying an additional 366,363 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider's stock worth $293,590,000 after acquiring an additional 272,923 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of ONE Gas during the first quarter worth $16,939,000. International Assets Investment Management LLC raised its position in shares of ONE Gas by 9,036.9% during the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider's stock worth $15,061,000 after purchasing an additional 200,168 shares during the period. Finally, Earnest Partners LLC purchased a new stake in shares of ONE Gas during the second quarter valued at $12,594,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Down 0.1 %

Shares of NYSE OGS traded down $0.07 during mid-day trading on Monday, reaching $69.97. The company had a trading volume of 431,740 shares, compared to its average volume of 402,048. The stock has a fifty day moving average of $72.08 and a two-hundred day moving average of $67.20. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $74.99. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 3.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS 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 company had revenue of $354.14 million for the quarter, compared to analysts' expectations of $362.06 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company's revenue was down 11.0% on a year-over-year basis. As a group, equities research analysts expect that ONE Gas, Inc. will post 3.86 EPS for the current year.

Wall Street Analyst Weigh In

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

ONE Gas 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.