ONE Gas, Inc. (NYSE:OGS) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 21.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 864,245 shares of the utilities provider's stock after buying an additional 152,028 shares during the period. JPMorgan Chase & Co. owned 1.53% of ONE Gas worth $59,849,000 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 OGS. Wellington Management Group LLP increased its position in shares of ONE Gas by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after acquiring an additional 645,566 shares in the last quarter. Barclays PLC raised its position in ONE Gas by 105.6% in the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock valued at $7,859,000 after purchasing an additional 54,237 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of ONE Gas by 61.8% during the fourth quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock worth $9,758,000 after purchasing an additional 53,800 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider's stock worth $4,539,000 after buying an additional 42,724 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of ONE Gas in the third quarter valued at about $3,135,000. Institutional investors and hedge funds own 88.71% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on OGS. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research report on Monday, March 17th. Morgan Stanley raised their price target 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. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $84.00 in a report on Monday. Finally, StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $73.44.

ONE Gas Stock Up 1.4 %

OGS stock traded up $1.02 during mid-day trading on Wednesday, hitting $72.97. 934,750 shares of the company were exchanged, compared to its average volume of 410,145. The firm has a fifty day simple moving average of $73.19 and a 200 day simple moving average of $72.64. The company has a market capitalization of $4.37 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a twelve month low of $58.31 and a twelve month high of $78.89. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last posted 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. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. On average, research analysts forecast 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.