Raymond James Financial Inc. Takes $2.35 Million Position in ONE Gas, Inc. (NYSE:OGS)

Raymond James Financial Inc. acquired a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,875 shares of the utilities provider's stock, valued at approximately $2,346,000. Raymond James Financial Inc. owned 0.06% of ONE Gas as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. UMB Bank n.a. boosted its holdings in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after purchasing an additional 362 shares during the period. Crews Bank & Trust purchased a new stake in shares of ONE Gas during the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of ONE Gas in the 3rd quarter valued at about $45,000. Sound Income Strategies LLC acquired a new stake in ONE Gas in the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. raised its stake in ONE Gas by 46.6% in the fourth quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider's stock valued at $105,000 after buying an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

OGS has been the topic of a number of analyst reports. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Monday, March 17th. StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. 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. Finally, Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ONE Gas has an average rating of "Moderate Buy" and an average target price of $75.79.

ONE Gas Price Performance

OGS stock traded up $0.60 during trading on Friday, hitting $78.47. 385,252 shares of the stock traded hands, compared to its average volume of 420,799. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $79.24. The company has a 50 day simple moving average of $75.16 and a 200 day simple moving average of $73.15. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 3.64 and a beta of 0.86. 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 posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm had revenue of $630.70 million during the quarter, compared to analysts' expectations of $973.58 million. Equities analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal 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.