Wells Fargo & Company MN Has $10.59 Million Stake in ONE Gas, Inc. (NYSE:OGS)

Wells Fargo & Company MN increased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,985 shares of the utilities provider’s stock after purchasing an additional 5,487 shares during the period. Wells Fargo & Company MN’s holdings in ONE Gas were worth $10,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of ONE Gas by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 13,659 shares of the utilities provider’s stock worth $1,016,000 after acquiring an additional 1,469 shares during the period. Barclays PLC raised its position in ONE Gas by 105.6% during the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock worth $7,859,000 after purchasing an additional 54,237 shares during the last quarter. M&T Bank Corp increased its position in ONE Gas by 9.8% during the 3rd quarter. M&T Bank Corp now owns 6,596 shares of the utilities provider’s stock valued at $491,000 after purchasing an additional 591 shares during the period. Geode Capital Management LLC boosted its position in ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after acquiring an additional 18,477 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in ONE Gas in the third quarter valued at approximately $422,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Trading Up 0.4 %

OGS opened at $76.96 on Thursday. ONE Gas, Inc. has a one year low of $58.31 and a one year 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 business has a 50 day simple moving average of $73.78 and a two-hundred day simple moving average of $72.70. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.64 and a beta of 0.74.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The firm 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%. Analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research note on Monday, March 17th. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Morgan Stanley lifted their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.21.

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.