Massachusetts Financial Services Co. MA Sells 127,490 Shares of ONE Gas, Inc. (NYSE:OGS)

Massachusetts Financial Services Co. MA trimmed its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 19.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 525,541 shares of the utilities provider's stock after selling 127,490 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.93% of ONE Gas worth $36,394,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of ONE Gas by 2.4% in 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. Norges Bank acquired a new position in ONE Gas during the 4th quarter valued at about $43,344,000. JPMorgan Chase & Co. raised its position in shares of 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 in the last quarter. WINTON GROUP Ltd lifted its stake in shares of ONE Gas by 2.0% in the 4th quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider's stock worth $1,064,000 after acquiring an additional 304 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of ONE Gas by 0.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 100,448 shares of the utilities provider's stock valued at $6,956,000 after acquiring an additional 488 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OGS. Jefferies Financial Group raised 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 research note on Monday. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Monday, March 17th. Morgan Stanley increased their price objective on ONE Gas from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Bank of America began coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a "buy" rating and a $77.00 target price for the company. Finally, StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, ONE Gas presently has a consensus rating of "Hold" and an average target price of $73.44.

ONE Gas Stock Performance

Shares of ONE Gas stock traded down $1.33 during midday trading on Thursday, hitting $72.05. The company had a trading volume of 103,316 shares, compared to its average volume of 408,951. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $78.89. The business's 50 day simple moving average is $73.29 and its two-hundred day simple moving average is $72.63. The stock has a market cap of $4.32 billion, a PE ratio of 18.44, a P/E/G 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 data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $973.58 million. As a group, equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

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.