Greenland Capital Management LP Sells 70,290 Shares of ONE Gas, Inc. (NYSE:OGS)

Greenland Capital Management LP reduced its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 75.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,290 shares of the utilities provider's stock after selling 70,290 shares during the period. Greenland Capital Management LP's holdings in ONE Gas were worth $1,544,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. raised its position in shares of ONE Gas by 3,620.0% in the fourth 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 period. Crews Bank & Trust purchased a new position in ONE Gas in the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in ONE Gas during the 3rd quarter valued at $45,000. Nomura Asset Management Co. Ltd. lifted its position in shares of ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after acquiring an additional 210 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of ONE Gas in the fourth quarter worth $51,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Price Performance

Shares of OGS stock traded up $0.87 during trading on Friday, hitting $74.94. The company had a trading volume of 439,960 shares, compared to its average volume of 411,600. The stock's 50-day moving average is $73.45 and its two-hundred day moving average is $72.63. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. 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, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89.

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

Wall Street Analyst Weigh In

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