MetLife Investment Management LLC Has $4.50 Million Position in ONE Gas, Inc. (NYSE:OGS)

MetLife Investment Management LLC boosted its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 64,907 shares of the utilities provider's stock after purchasing an additional 4,158 shares during the period. MetLife Investment Management LLC owned about 0.11% of ONE Gas worth $4,495,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OGS. Norges Bank bought a new stake in ONE Gas in the 4th quarter valued at $43,344,000. Bank of Montreal Can boosted its stake in ONE Gas by 1,421.7% in the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after purchasing an additional 456,891 shares during the period. JPMorgan Chase & Co. boosted its stake in ONE Gas by 21.3% in the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after purchasing an additional 152,028 shares during the period. Barclays PLC boosted its stake in ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock valued at $7,859,000 after purchasing an additional 54,237 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in ONE Gas by 61.8% in the 4th quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock valued at $9,758,000 after purchasing an additional 53,800 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of ONE Gas stock traded down $0.41 during trading on Wednesday, reaching $77.89. 135,068 shares of the company's stock were exchanged, compared to its average volume of 417,959. 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, Inc. has a 1-year low of $58.31 and a 1-year high of $79.24. The company has a market cap of $4.67 billion, a P/E ratio of 19.90, a PEG ratio of 3.64 and a beta of 0.74. The firm's 50-day moving average price is $74.91 and its 200 day moving average price is $73.04.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $630.70 million during the quarter, compared to analysts' expectations of $973.58 million. As a group, research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

Analysts Set New Price Targets

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

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.