Dimensional Fund Advisors LP Acquires 15,976 Shares of ONE Gas, Inc. (NYSE:OGS)

Dimensional Fund Advisors LP lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 964,965 shares of the utilities provider's stock after purchasing an additional 15,976 shares during the period. Dimensional Fund Advisors LP owned about 1.70% of ONE Gas worth $66,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC boosted its stake in ONE Gas by 105.6% in the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock valued at $7,859,000 after acquiring an additional 54,237 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas in the third quarter valued at approximately $45,000. Franklin Resources Inc. grew its holdings in ONE Gas by 4.6% during the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock valued at $50,785,000 after purchasing an additional 31,045 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in ONE Gas in the third quarter worth $3,135,000. Finally, Diversified Trust Co lifted its position in shares of ONE Gas by 4.6% during the 4th quarter. Diversified Trust Co now owns 10,431 shares of the utilities provider's stock valued at $722,000 after buying an additional 461 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Price Performance

NYSE:OGS traded down $0.10 during trading hours on Monday, hitting $78.34. 174,361 shares of the company's stock traded hands, compared to its average volume of 453,386. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $79.24. The business's fifty day simple moving average is $75.16 and its two-hundred day simple moving average is $73.14. 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 firm has a market cap of $4.69 billion, a P/E ratio of 20.04, a P/E/G ratio of 3.64 and a beta of 0.86.

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

Analysts Set New Price Targets

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

ONE Gas Company 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.