ONE Gas, Inc. (NYSE:OGS) Stock Position Raised by Barclays PLC

Barclays PLC boosted its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 38.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,167 shares of the utilities provider's stock after purchasing an additional 40,560 shares during the period. Barclays PLC owned approximately 0.26% of ONE Gas worth $10,122,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in ONE Gas by 14.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 285,447 shares of the utilities provider's stock worth $19,767,000 after purchasing an additional 35,527 shares during the period. Sterling Capital Management LLC lifted its position in ONE Gas by 5,736.1% in the fourth quarter. Sterling Capital Management LLC now owns 11,322 shares of the utilities provider's stock worth $784,000 after purchasing an additional 11,128 shares during the period. Heritage Trust Co acquired a new stake in ONE Gas in the fourth quarter worth approximately $217,000. Raymond James Financial Inc. acquired a new stake in ONE Gas in the fourth quarter worth approximately $2,346,000. Finally, Bank of Montreal Can lifted its position in ONE Gas by 1,421.7% in the fourth quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock worth $33,865,000 after purchasing an additional 456,891 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ONE Gas Stock Performance

NYSE OGS remained flat at $77.84 during trading on Monday. The company's stock had a trading volume of 425,172 shares, compared to its average volume of 417,825. ONE Gas, Inc. has a 12-month low of $58.31 and a 12-month high of $79.24. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 3.64 and a beta of 0.74. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $74.79 and a two-hundred day moving average price of $73.00.

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

About ONE Gas

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.