ONE Gas, Inc. (NYSE:OGS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 90.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,562 shares of the utilities provider's stock after selling 41,217 shares during the period. Mackenzie Financial Corp's holdings in ONE Gas were worth $291,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cornercap Investment Counsel Inc. purchased a new stake in ONE Gas during the fourth quarter worth $555,000. Strs Ohio lifted its holdings in ONE Gas by 3.8% during the fourth quarter. Strs Ohio now owns 19,000 shares of the utilities provider's stock worth $1,210,000 after buying an additional 700 shares during the period. Louisiana State Employees Retirement System purchased a new stake in ONE Gas during the fourth quarter worth $994,000. Miller Howard Investments Inc. NY lifted its holdings in ONE Gas by 73.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 17,858 shares of the utilities provider's stock worth $1,138,000 after buying an additional 7,555 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in ONE Gas during the fourth quarter worth $8,825,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on OGS shares. UBS Group started coverage on ONE Gas in a report on Friday, April 12th. They set a "sell" rating and a $61.00 target price for the company. Mizuho upped their price target on ONE Gas from $63.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday, April 19th. Morgan Stanley upped their price target on ONE Gas from $57.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their price target on ONE Gas from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. Finally, LADENBURG THALM/SH SH raised ONE Gas from a "neutral" rating to a "buy" rating and set a $64.50 price target on the stock in a research report on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $64.56.

ONE Gas Price Performance

Shares of OGS stock traded down $0.59 during mid-day trading on Friday, hitting $63.95. 229,628 shares of the stock were exchanged, compared to its average volume of 293,558. The firm has a fifty day moving average of $62.33 and a 200 day moving average of $62.15. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. ONE Gas, Inc. has a 52-week low of $55.50 and a 52-week high of $83.89. The company has a market cap of $3.62 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 3.32 and a beta of 0.65.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The business had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same period in the prior year, the company posted $1.23 EPS. The company's revenue for the quarter was down 26.0% on a year-over-year basis. Research analysts anticipate that ONE Gas, Inc. will post 3.86 earnings per share for the current year.

ONE Gas 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.