T. Rowe Price Investment Management Inc. Boosts Position in ONE Gas, Inc. (NYSE:OGS)

T. Rowe Price Investment Management Inc. grew its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,124,928 shares of the utilities provider's stock after acquiring an additional 25,145 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.75% of ONE Gas worth $147,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in ONE Gas by 3,620.0% during the fourth 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 last quarter. Crews Bank & Trust purchased a new position in shares of ONE Gas in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ONE Gas in the 3rd quarter worth approximately $45,000. Sound Income Strategies LLC bought a new position in shares of ONE Gas in the fourth quarter valued at approximately $51,000. Finally, Transce3nd LLC purchased a new stake in shares of ONE Gas during the fourth quarter valued at approximately $77,000. Institutional investors own 88.71% of the company's stock.

Analyst Ratings Changes

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

ONE Gas Stock Performance

ONE Gas stock traded down $0.47 during midday trading on Wednesday, reaching $77.83. The stock had a trading volume of 163,116 shares, compared to its average volume of 418,053. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $4.66 billion, a PE ratio of 19.90, a P/E/G ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $79.24. 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 announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting analysts' consensus estimates of $1.34. The company had revenue of $630.70 million for 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%. As a group, research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

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.