ONE Gas (NYSE:OGS) had its price target dropped by stock analysts at Morgan Stanley from $69.00 to $65.00 in a research report issued on Tuesday. The firm currently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential downside of 2.30% from the stock’s current price.

A number of other research firms have also commented on OGS. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Wednesday, November 8th. 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. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the stock. ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $70.80.

Shares of ONE Gas (OGS) opened at $66.53 on Tuesday. The company has a market capitalization of $3,522.73, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 3.73 and a beta of 0.03. ONE Gas has a fifty-two week low of $63.06 and a fifty-two week high of $79.51. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62.

Several institutional investors and hedge funds have recently modified their holdings of OGS. Duff & Phelps Investment Management Co. grew its holdings in shares of ONE Gas by 58.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock worth $39,795,000 after acquiring an additional 199,475 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of ONE Gas by 33.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 506,889 shares of the utilities provider’s stock worth $37,134,000 after acquiring an additional 125,876 shares during the period. Deutsche Bank AG grew its holdings in shares of ONE Gas by 69.4% in the fourth quarter. Deutsche Bank AG now owns 284,931 shares of the utilities provider’s stock worth $20,872,000 after acquiring an additional 116,708 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of ONE Gas in the fourth quarter worth $6,877,000. Finally, State Street Corp grew its holdings in shares of ONE Gas by 5.1% in the second quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock worth $127,367,000 after acquiring an additional 88,740 shares during the period. 72.85% of the stock is owned by institutional investors.

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About ONE Gas

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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