ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 5,736.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,322 shares of the utilities provider's stock after purchasing an additional 11,128 shares during the period. Sterling Capital Management LLC's holdings in ONE Gas were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Heritage Trust Co purchased a new position in ONE Gas in the fourth quarter worth $217,000. Raymond James Financial Inc. purchased a new position in ONE Gas in the 4th quarter worth approximately $2,346,000. Bank of Montreal Can boosted its position in ONE Gas by 1,421.7% during the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after buying an additional 456,891 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of ONE Gas during the fourth quarter valued at approximately $704,000. Finally, Envestnet Asset Management Inc. raised its holdings in ONE Gas by 1.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 152,824 shares of the utilities provider's stock worth $10,583,000 after purchasing an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

Shares of ONE Gas stock traded down $1.10 during midday trading on Monday, hitting $76.39. The company had a trading volume of 156,492 shares, compared to its average volume of 448,246. The company has a fifty day simple moving average of $74.07 and a 200 day simple moving average of $72.74. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 12-month low of $58.31 and a 12-month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Monday, March 17th. Morgan Stanley upped 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. Finally, Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and increased their price target for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.