Aster Capital Management DIFC Ltd bought a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 10,160 shares of the utilities provider's stock, valued at approximately $704,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of ONE Gas by 1.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 152,824 shares of the utilities provider's stock worth $10,583,000 after acquiring an additional 1,742 shares during the period. Wells Fargo & Company MN raised its holdings in ONE Gas by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 152,985 shares of the utilities provider's stock worth $10,594,000 after purchasing an additional 5,487 shares during the period. Franklin Resources Inc. boosted its position in ONE Gas by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 718,537 shares of the utilities provider's stock worth $49,759,000 after purchasing an additional 16,604 shares in the last quarter. Norges Bank acquired a new stake in ONE Gas in the fourth quarter valued at approximately $43,344,000. Finally, JPMorgan Chase & Co. increased its position in shares of ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after buying an additional 152,028 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Morgan Stanley increased their target price on ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Monday, March 17th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $84.00 in a report on Monday. Finally, Bank of America initiated coverage on ONE Gas in a report on Friday, December 13th. They set a "buy" rating and a $77.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $73.44.
Get Our Latest Stock Report on ONE Gas
ONE Gas Price Performance
OGS traded up $0.75 during trading on Friday, reaching $74.82. The company's stock had a trading volume of 122,166 shares, compared to its average volume of 410,286. 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 fifty day simple moving average of $73.35 and a two-hundred day simple moving average of $72.63. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $78.89.
ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts' consensus estimates of $1.34. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. As a group, analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.
ONE Gas Profile
(
Free Report)
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.
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