Jump Financial LLC acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,736 shares of the utilities provider's stock, valued at approximately $536,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of ONE Gas by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock worth $434,253,000 after purchasing an additional 41,933 shares in the last quarter. Boston Trust Walden Corp grew its position in ONE Gas by 0.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock valued at $73,302,000 after buying an additional 9,302 shares in the last quarter. JPMorgan Chase & Co. increased its stake in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after buying an additional 152,028 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $54,239,000 after buying an additional 24,860 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of ONE Gas by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 718,537 shares of the utilities provider's stock worth $49,759,000 after acquiring an additional 16,604 shares during the period. 88.71% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on OGS shares. Morgan Stanley set a $74.00 target price on ONE Gas and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Monday, March 17th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.79.
Check Out Our Latest Research Report on OGS
ONE Gas Trading Down 0.5 %
Shares of NYSE:OGS traded down $0.36 during midday trading on Tuesday, reaching $77.61. The company had a trading volume of 30,806 shares, compared to its average volume of 416,386. The company has a fifty day simple moving average of $74.79 and a two-hundred day simple moving average of $73.00. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year 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, hitting the consensus estimate of $1.34. The company 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%. Research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Company Profile
(
Free Report)
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.
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