ONE Gas, Inc. (NYSE:OGS) Stock Position Lifted by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 718,537 shares of the utilities provider's stock after acquiring an additional 16,604 shares during the period. Franklin Resources Inc. owned about 1.27% of ONE Gas worth $49,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OGS. Wellington Management Group LLP boosted its holdings in ONE Gas by 22.9% in the 3rd 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 during the period. Norges Bank acquired a new stake in ONE Gas during the 4th quarter valued at $43,344,000. JPMorgan Chase & Co. increased its stake in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after buying an additional 152,028 shares during the period. Barclays PLC lifted its holdings in ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after buying an additional 54,237 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in ONE Gas by 61.8% in the 4th quarter. First Eagle Investment Management LLC now owns 140,914 shares of the utilities provider's stock valued at $9,758,000 after buying an additional 53,800 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Performance

OGS traded down $1.14 during trading on Thursday, reaching $72.24. 90,837 shares of the company were exchanged, compared to its average volume of 408,908. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week 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. The firm has a 50 day moving average of $73.29 and a 200 day moving average of $72.63. The stock has a market cap of $4.33 billion, a P/E ratio of 18.55, a PEG ratio of 3.64 and a beta of 0.74.

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 the consensus estimate 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%. On average, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OGS has been the topic of several recent analyst reports. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They set a "buy" rating and a $77.00 price objective on the stock. Morgan Stanley increased their target price on ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Monday, March 17th. Finally, Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $84.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas currently has a consensus rating of "Hold" and an average target price of $73.44.

ONE Gas 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.