Prudential Financial Inc. Sells 258 Shares of ONE Gas, Inc. (NYSE:OGS)

Prudential Financial Inc. decreased its holdings in ONE Gas, Inc. (NYSE:OGS) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 5,482 shares of the utilities provider’s stock after selling 258 shares during the quarter. Prudential Financial Inc.’s holdings in ONE Gas were worth $413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised 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 period. Crews Bank & Trust purchased a new stake in ONE Gas during the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB bought a new stake in ONE Gas in the third quarter worth $45,000. Sound Income Strategies LLC bought a new stake in ONE Gas in the fourth quarter worth $51,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in ONE Gas by 42.0% during 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 during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OGS shares. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $84.00 in a report on Monday. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a research note on Monday, March 17th. Morgan Stanley raised their price target on ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Bank of America began coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.44.

ONE Gas Trading Up 1.4 %

Shares of NYSE OGS opened at $72.97 on Thursday. ONE Gas, Inc. has a twelve month low of $58.31 and a twelve 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. The business has a fifty day simple moving average of $73.29 and a two-hundred day simple moving average of $72.63. The firm has a market cap of $4.37 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $630.70 million during 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%. Analysts expect 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.