Three Seasons Wealth LLC Purchases Shares of 6,863 ONE Gas, Inc. (NYSE:OGS)

Three Seasons Wealth LLC purchased a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,863 shares of the utilities provider's stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. Barclays PLC lifted its stake in ONE Gas by 105.6% in the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after acquiring an additional 54,237 shares during the period. Sanctuary Advisors LLC purchased a new stake in ONE Gas in the third quarter worth $422,000. Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas in the third quarter worth $45,000. Franklin Resources Inc. lifted its stake in ONE Gas by 4.6% in the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider's stock worth $50,785,000 after acquiring an additional 31,045 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in ONE Gas in the third quarter worth $3,135,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Morgan Stanley set a $74.00 price objective on ONE Gas and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research report on Monday, March 17th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $84.00 in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.79.

ONE Gas Price Performance

NYSE OGS remained flat at $77.84 during trading hours on Monday. The company had a trading volume of 425,172 shares, compared to its average volume of 417,825. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $79.24. The stock has a 50 day moving average price of $74.68 and a 200 day moving average price of $72.96. The company has a market capitalization of $4.66 billion, a P/E ratio of 19.91, 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 quick ratio of 0.37 and a current ratio of 0.64.

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

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.