ONE Gas, Inc. (NYSE:OGS) Stock Position Lowered by Earnest Partners LLC

Earnest Partners LLC lowered its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,344,041 shares of the utilities provider's stock after selling 9,350 shares during the period. Earnest Partners LLC owned approximately 2.37% of ONE Gas worth $93,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OGS. Arizona State Retirement System grew its holdings in ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock valued at $1,139,000 after buying an additional 152 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in ONE Gas by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock valued at $1,497,000 after purchasing an additional 187 shares in the last quarter. LPL Financial LLC lifted its holdings in ONE Gas by 0.8% in the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock valued at $1,994,000 after purchasing an additional 220 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of ONE Gas by 4.1% during the fourth quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock worth $478,000 after buying an additional 269 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in ONE Gas by 2.0% in the 4th quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider's stock worth $1,064,000 after acquiring an additional 304 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

NYSE OGS traded up $0.34 on Friday, reaching $78.21. 159,626 shares of the stock traded hands, compared to its average volume of 419,274. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $79.24. 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 company has a market cap of $4.69 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 3.64 and a beta of 0.74. The firm's fifty day simple moving average is $75.08 and its 200 day simple moving average is $73.11.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts' consensus estimates of $1.34. The firm had revenue of $630.70 million during 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%. As a group, research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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