Rockefeller Capital Management L.P. Buys 35,527 Shares of ONE Gas, Inc. (NYSE:OGS)

Rockefeller Capital Management L.P. raised its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 285,447 shares of the utilities provider's stock after buying an additional 35,527 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.50% of ONE Gas worth $19,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. increased its position in ONE Gas by 3,620.0% during the 4th 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 period. Crews Bank & Trust bought a new stake in shares of ONE Gas during the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ONE Gas during the third quarter valued at about $45,000. Nomura Asset Management Co. Ltd. raised its stake in ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after buying an additional 210 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in ONE Gas during the 4th quarter valued at approximately $51,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Up 0.7 %

Shares of NYSE:OGS traded up $0.53 during trading on Friday, reaching $77.45. 422,264 shares of the stock traded hands, compared to its average volume of 413,630. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $78.89. The stock has a market cap of $4.64 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The stock has a 50-day moving average of $74.07 and a two-hundred day moving average of $72.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

ONE Gas (NYSE:OGS - Get Free Report) last issued 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 company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OGS shares. Morgan Stanley raised their target price 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. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Monday, March 17th. Finally, Jefferies Financial Group raised shares of 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, April 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.