Icon Advisers Inc. Co. Sells 5,000 Shares of ONE Gas, Inc. (NYSE:OGS)

Icon Advisers Inc. Co. lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 51,700 shares of the utilities provider's stock after selling 5,000 shares during the period. Icon Advisers Inc. Co. owned approximately 0.09% of ONE Gas worth $3,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of ONE Gas in the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of ONE Gas in the third quarter valued at about $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 valued at $53,000 after purchasing an additional 210 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in ONE Gas during the fourth quarter worth about $51,000. 88.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Monday, March 17th. Morgan Stanley lifted their price target on ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and raised their target price for the company 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 issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $75.21.

ONE Gas Stock Performance

Shares of OGS traded up $0.53 during mid-day trading on Friday, hitting $77.45. The stock had a trading volume of 422,264 shares, compared to its average volume of 414,000. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89. The business has a fifty day moving average price of $74.07 and a 200-day moving average price of $72.74. The firm has a market cap of $4.64 billion, a P/E ratio of 19.81, a PEG ratio of 3.64 and a beta of 0.74. 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 posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (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 company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. On average, equities research analysts expect that ONE Gas, Inc. will post 4.26 EPS 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.