Pictet Asset Management Holding SA Lowers Stock Position in ONE Gas, Inc. (NYSE:OGS)

Pictet Asset Management Holding SA trimmed its stake in ONE Gas, Inc. (NYSE:OGS) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,770 shares of the utilities provider’s stock after selling 185 shares during the period. Pictet Asset Management Holding SA’s holdings in ONE Gas were worth $607,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OGS. UMB Bank n.a. grew its position in ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 362 shares in the last quarter. Crews Bank & Trust purchased a new stake in ONE Gas during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB acquired a new stake in ONE Gas during the 3rd quarter worth approximately $45,000. Sound Income Strategies LLC purchased a new position in ONE Gas in the 4th quarter valued at approximately $51,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of 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 acquiring an additional 210 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OGS shares. Morgan Stanley increased their price objective 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 ONE Gas from a “sell” rating to a “hold” rating in a research note 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. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $84.00 in a research note on Monday. Finally, Bank of America began coverage on shares of 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus target price of $73.44.

ONE Gas Trading Down 0.1 %

NYSE OGS opened at $71.85 on Wednesday. The firm’s fifty day moving average price is $73.19 and its 200 day moving average price is $72.64. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89. 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 $4.31 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74.

ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The business had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. On average, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

About ONE Gas

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.