Geode Capital Management LLC Sells 12,767 Shares of ONE Gas, Inc. (NYSE:OGS)

Geode Capital Management LLC cut its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,341,943 shares of the utilities provider's stock after selling 12,767 shares during the quarter. Geode Capital Management LLC owned about 2.37% of ONE Gas worth $92,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of ONE Gas in the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of ONE Gas during the 3rd quarter worth $45,000. Nomura Asset Management Co. Ltd. lifted its stake 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. Finally, Sound Income Strategies LLC acquired a new stake in shares of ONE Gas during the fourth quarter valued at about $51,000. Institutional investors own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OGS. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research note on Monday, March 17th. Morgan Stanley upped 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. StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group raised shares of 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 research report on Monday, April 7th. Five equities 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, the company currently has a consensus rating of "Hold" and a consensus price target of $75.21.

ONE Gas Stock Performance

ONE Gas stock traded up $0.51 during midday trading on Wednesday, reaching $77.13. The stock had a trading volume of 40,798 shares, compared to its average volume of 410,197. The firm's 50-day moving average price is $73.66 and its 200 day moving average price is $72.67. The firm has a market capitalization of $4.62 billion, a PE ratio of 19.70, a P/E/G ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34. The firm had revenue of $630.70 million for 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%. As a group, research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal 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.