Aquatic Capital Management LLC Acquires New Stake in ONE Gas, Inc. (NYSE:OGS)

Aquatic Capital Management LLC acquired a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,305 shares of the utilities provider's stock, valued at approximately $1,337,000.

Other large investors have also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in ONE Gas in the 3rd quarter worth approximately $3,135,000. Atria Wealth Solutions Inc. bought a new position in shares of ONE Gas in the fourth quarter worth approximately $203,000. KBC Group NV increased its stake in shares of ONE Gas by 41.0% in the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock worth $154,000 after buying an additional 645 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in ONE Gas by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock valued at $54,239,000 after buying an additional 24,860 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in ONE Gas by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock valued at $50,785,000 after buying an additional 31,045 shares during the period. Hedge funds and other institutional investors own 88.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OGS shares. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Morgan Stanley set a $74.00 price target on ONE Gas and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Monday, March 17th. Finally, Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.79.

ONE Gas Stock Down 0.6 %

Shares of NYSE OGS traded down $0.44 during mid-day trading on Monday, hitting $78.00. 67,599 shares of the stock traded hands, compared to its average volume of 452,163. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.64 and a beta of 0.86. The stock has a fifty day moving average price of $75.16 and a 200-day moving average price of $73.14. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $79.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting analysts' consensus estimates of $1.34. The firm had revenue of $630.70 million for the quarter, compared to analysts' expectations of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

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.