Invesco Ltd. Sells 14,558 Shares of ONE Gas, Inc. (NYSE:OGS)

Invesco Ltd. decreased its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,234 shares of the utilities provider's stock after selling 14,558 shares during the period. Invesco Ltd. owned 0.48% of ONE Gas worth $18,714,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OGS. UMB Bank n.a. boosted its position in ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of ONE Gas in the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ONE Gas in the 3rd quarter valued at approximately $45,000. Sound Income Strategies LLC bought a new position in shares of ONE Gas in the fourth quarter valued at $51,000. Finally, Blue Trust Inc. increased its holdings in ONE Gas by 46.6% during the fourth quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider's stock worth $105,000 after buying an additional 448 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

NYSE:OGS traded down $0.05 during trading hours on Thursday, hitting $78.54. The company's stock had a trading volume of 55,218 shares, compared to its average volume of 414,153. 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 company has a market capitalization of $4.71 billion, a P/E ratio of 20.10, a PEG 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 $80.00. The stock has a fifty day simple moving average of $74.44 and a 200-day simple moving average of $72.84.

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, meeting the consensus estimate of $1.34. The company had revenue of $630.70 million for 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, analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on OGS shares. 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 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. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.21.

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.