Janus Henderson Group PLC Invests $1.91 Million in ONE Gas Inc (OGS)
Janus Henderson Group PLC bought a new stake in ONE Gas Inc (NYSE:OGS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,969 shares of the utilities provider’s stock, valued at approximately $1,912,000.
Other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co lifted its holdings in shares of ONE Gas by 41.4% in the 2nd quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 680 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ONE Gas by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 139 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of ONE Gas by 1,953.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 2,383 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of ONE Gas in the 2nd quarter valued at about $243,000. Finally, Blair William & Co. IL purchased a new stake in shares of ONE Gas in the 2nd quarter valued at about $247,000. 72.76% of the stock is owned by institutional investors and hedge funds.
Shares of ONE Gas Inc (OGS) opened at $73.26 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14. The company has a market capitalization of $3,829.59, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 4.18 and a beta of 0.11. ONE Gas Inc has a one year low of $61.42 and a one year high of $79.51.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The firm had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same period in the prior year, the business earned $0.24 EPS. equities research analysts predict that ONE Gas Inc will post 3.02 earnings per share for the current year.
Several analysts have recently weighed in on the company. Jefferies Group reissued a “sell” rating and issued a $63.00 target price on shares of ONE Gas in a report on Wednesday, December 20th. UBS Group downgraded ONE Gas from a “neutral” rating to a “sell” rating and boosted their target price for the company from $71.00 to $72.00 in a report on Monday, October 2nd. Morgan Stanley boosted their target price on ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company. ONE Gas has an average rating of “Hold” and a consensus price target of $73.75.
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ONE Gas Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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