Wells Fargo & Company MN Grows Position in ONE Gas, Inc. (NYSE:OGS)

Wells Fargo & Company MN grew its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,985 shares of the utilities provider's stock after buying an additional 5,487 shares during the period. Wells Fargo & Company MN owned 0.27% of ONE Gas worth $10,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares in the last quarter. Crews Bank & Trust bought a new stake in ONE Gas in the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ONE Gas during the third quarter valued at approximately $45,000. Sound Income Strategies LLC bought a new position in shares of ONE Gas during the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. raised its holdings in shares of ONE Gas by 46.6% in the fourth quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider's stock worth $105,000 after buying an additional 448 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Up 2.1 %

Shares of OGS traded up $1.62 during trading hours on Tuesday, hitting $78.43. The company had a trading volume of 342,939 shares, compared to its average volume of 413,700. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $78.89. The company's fifty day moving average price is $74.30 and its two-hundred day moving average price is $72.80. The company has a market capitalization of $4.70 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. As a group, equities analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OGS has been the topic of several research analyst reports. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research report on Monday, March 17th. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Morgan Stanley boosted their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and raised their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas presently has an average rating of "Hold" and an average target price of $75.21.

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.