ONE Gas, Inc. (NYSE:OGS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,188 shares of the utilities provider's stock after selling 15,819 shares during the quarter. Legal & General Group Plc owned about 0.61% of ONE Gas worth $23,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OGS. Vanguard Group Inc. lifted its position in ONE Gas by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock valued at $434,253,000 after buying an additional 41,933 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ONE Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock worth $100,836,000 after purchasing an additional 18,477 shares during the period. Boston Trust Walden Corp increased its holdings in ONE Gas by 0.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock valued at $73,302,000 after purchasing an additional 9,302 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in ONE Gas by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after purchasing an additional 152,028 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ONE Gas by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock worth $54,239,000 after buying an additional 24,860 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Price Performance

NYSE:OGS traded up $0.53 during trading hours on Friday, reaching $77.45. 422,264 shares of the company traded hands, compared to its average volume of 413,383. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The firm's 50-day moving average is $73.93 and its 200-day moving average is $72.72. The stock has a market cap of $4.64 billion, a P/E ratio of 19.81, a P/E/G ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting analysts' consensus estimates of $1.34. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Equities research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

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