First Trust Advisors LP Sells 38,616 Shares of ONE Gas, Inc. (NYSE:OGS)

First Trust Advisors LP lessened its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,777 shares of the utilities provider's stock after selling 38,616 shares during the period. First Trust Advisors LP owned about 1.34% of ONE Gas worth $52,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of ONE Gas in the fourth quarter valued at approximately $43,344,000. Bank of Montreal Can grew its position in ONE Gas by 1,421.7% in the fourth quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after purchasing an additional 456,891 shares in the last quarter. JPMorgan Chase & Co. increased its stake in ONE Gas by 21.3% in the 4th 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 during the last quarter. Barclays PLC lifted its position in ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after buying an additional 54,237 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of ONE Gas by 61.8% during the 4th quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock worth $9,758,000 after buying an additional 53,800 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

ONE Gas Price Performance

NYSE:OGS opened at $78.43 on Wednesday. The company has a market cap of $4.70 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.64 and a beta of 0.74. The firm's fifty day moving average price is $74.30 and its two-hundred day moving average price is $72.80. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $78.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37.

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 business had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current 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.

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