Farringdon Capital Ltd. Purchases New Stake in ONE Gas, Inc. (NYSE:OGS)

Farringdon Capital Ltd. acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,837 shares of the utilities provider's stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after acquiring an additional 152 shares during the period. Oppenheimer Asset Management Inc. increased its position in ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock worth $1,497,000 after purchasing an additional 187 shares during the last quarter. LPL Financial LLC raised its stake in ONE Gas by 0.8% during the fourth 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. Guggenheim Capital LLC boosted its holdings in ONE Gas by 4.1% in the 4th quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock valued at $478,000 after purchasing an additional 269 shares during the last quarter. Finally, WINTON GROUP Ltd increased its holdings in shares of 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 buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on OGS. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Monday, March 17th. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Morgan Stanley boosted their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and increased their target price for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.21.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The business has a 50-day moving average of $74.07 and a 200 day moving average of $72.74. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

About ONE Gas

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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