7,736 Shares in ONE Gas, Inc. (NYSE:OGS) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,736 shares of the utilities provider's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of ONE Gas by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock worth $434,253,000 after purchasing an additional 41,933 shares during the period. Boston Trust Walden Corp boosted its position in ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock worth $73,302,000 after purchasing an additional 9,302 shares during the period. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 152,028 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ONE Gas by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock valued at $54,239,000 after purchasing an additional 24,860 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of ONE Gas by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 718,537 shares of the utilities provider's stock worth $49,759,000 after purchasing an additional 16,604 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Monday, March 17th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $84.00 in a report on Monday, April 7th. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley set a $74.00 price target on shares of ONE Gas and gave the company an "outperform" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.79.

ONE Gas Stock Performance

OGS stock traded down $0.62 during trading on Friday, hitting $77.89. 415,901 shares of the company's stock traded hands, compared to its average volume of 417,795. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $79.24. The stock has a fifty day moving average price of $74.68 and a two-hundred day moving average price of $72.93. 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 announced its quarterly 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 business 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, equities analysts anticipate that ONE Gas, Inc. will post 4.26 EPS 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.