Martingale Asset Management L P Has $1.85 Million Position in ONE Gas, Inc. (NYSE:OGS)

Martingale Asset Management L P decreased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,720 shares of the utilities provider’s stock after selling 790 shares during the quarter. Martingale Asset Management L P’s holdings in ONE Gas were worth $1,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in ONE Gas by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock worth $434,253,000 after buying an additional 41,933 shares during the last quarter. Geode Capital Management LLC lifted its position in ONE Gas by 1.4% in the 3rd 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 in the last quarter. Boston Trust Walden Corp raised its holdings in shares of ONE Gas by 0.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock valued at $73,302,000 after purchasing an additional 9,302 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in ONE Gas by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock worth $59,849,000 after acquiring an additional 152,028 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ONE Gas by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider’s stock valued at $54,239,000 after acquiring an additional 24,860 shares during the period. 88.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on OGS. Morgan Stanley boosted their price target 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. Jefferies Financial Group raised ONE Gas from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $84.00 in a report on Monday. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research report on Monday, March 17th. Finally, StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $73.44.

ONE Gas Price Performance

Shares of NYSE OGS opened at $74.13 on Friday. The firm has a market cap of $4.44 billion, a P/E ratio of 18.96, a PEG ratio of 3.64 and a beta of 0.74. 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, Inc. has a twelve month low of $58.31 and a twelve month high of $78.89. The company has a 50 day moving average of $73.35 and a 200 day moving average of $72.63.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $973.58 million. As a group, research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

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.