ONE Gas, Inc. (NYSE:OGS) Stock Position Raised by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1,421.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 489,028 shares of the utilities provider's stock after buying an additional 456,891 shares during the period. Bank of Montreal Can owned about 0.86% of ONE Gas worth $33,865,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OGS. Stifel Financial Corp grew its stake in ONE Gas by 12.1% during the third quarter. Stifel Financial Corp now owns 13,659 shares of the utilities provider's stock valued at $1,016,000 after acquiring an additional 1,469 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of 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 acquiring an additional 210 shares during the last quarter. Barclays PLC raised its holdings in ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock valued at $7,859,000 after buying an additional 54,237 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of ONE Gas by 9.8% during the third quarter. M&T Bank Corp now owns 6,596 shares of the utilities provider's stock worth $491,000 after purchasing an additional 591 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock valued at $100,836,000 after buying an additional 18,477 shares during the period. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of NYSE:OGS traded up $0.72 on Wednesday, reaching $77.34. 86,292 shares of the company were exchanged, compared to its average volume of 444,999. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a 50-day moving average of $73.66 and a 200-day moving average of $72.67.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on OGS shares. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Morgan Stanley lifted 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 raised ONE Gas to a "hold" rating in a research note on Monday, March 17th. Finally, StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.