First Trust Advisors LP Has $52.62 Million Stock Position in ONE Gas, Inc. (NYSE:OGS)

First Trust Advisors LP lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 759,777 shares of the utilities provider's stock after selling 38,616 shares during the quarter. First Trust Advisors LP owned approximately 1.34% of ONE Gas worth $52,615,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in ONE Gas in the 4th quarter worth approximately $43,344,000. Bank of Montreal Can lifted its stake in shares of ONE Gas by 1,421.7% during the fourth quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after acquiring an additional 456,891 shares during the period. JPMorgan Chase & Co. boosted its holdings in ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after acquiring an additional 152,028 shares during the last quarter. Barclays PLC boosted its holdings 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. Finally, First Eagle Investment Management LLC increased its position in ONE Gas by 61.8% in the fourth quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock worth $9,758,000 after purchasing an additional 53,800 shares during the period. 88.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ONE Gas Trading Down 0.1 %

ONE Gas stock traded down $0.09 during mid-day trading on Monday, hitting $77.75. 66,065 shares of the company's stock were exchanged, compared to its average volume of 416,432. The company's 50 day simple moving average is $74.68 and its 200-day simple moving average is $72.96. 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 capitalization of $4.66 billion, a P/E ratio of 19.89, a PEG ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $79.24.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The business 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, equities analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current 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.