Alliancebernstein L.P. Reduces Stake in ONE Gas, Inc. (NYSE:OGS)

Alliancebernstein L.P. reduced its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,853 shares of the utilities provider's stock after selling 6,119 shares during the period. Alliancebernstein L.P. owned 0.19% of ONE Gas worth $7,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in ONE Gas by 0.9% during the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after buying an additional 152 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of ONE Gas by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock valued at $1,497,000 after acquiring an additional 187 shares during the period. Nomura Asset Management Co. Ltd. raised its position in ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. LPL Financial LLC boosted its stake in ONE Gas by 0.8% during the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock worth $1,994,000 after purchasing an additional 220 shares during the period. Finally, WINTON GROUP Ltd grew its position in ONE Gas by 2.0% during the 4th quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider's stock worth $1,064,000 after purchasing an additional 304 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of OGS traded up $1.24 during mid-day trading on Thursday, hitting $78.16. The company's stock had a trading volume of 98,743 shares, compared to its average volume of 411,803. 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, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The firm has a market capitalization of $4.68 billion, a P/E ratio of 20.02, a P/E/G ratio of 3.64 and a beta of 0.74. The firm has a 50-day simple moving average of $73.78 and a 200 day simple moving average of $72.70.

ONE Gas (NYSE:OGS - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OGS shares. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research note on Monday, March 17th. Morgan Stanley increased their price objective on ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and boosted their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Five investment 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 currently has an average rating of "Hold" and an average price target of $75.21.

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.