Sterling Capital Management LLC Has $784,000 Stock Position in ONE Gas, Inc. (NYSE:OGS)

Sterling Capital Management LLC increased its position in ONE Gas, Inc. (NYSE:OGS) by 5,736.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,322 shares of the utilities provider’s stock after buying an additional 11,128 shares during the period. Sterling Capital Management LLC’s holdings in ONE Gas were worth $784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OGS. Stifel Financial Corp grew its stake in ONE Gas by 12.1% in the third quarter. Stifel Financial Corp now owns 13,659 shares of the utilities provider’s stock valued at $1,016,000 after acquiring an additional 1,469 shares during the period. Barclays PLC grew its position in ONE Gas by 105.6% in the 3rd quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock valued at $7,859,000 after purchasing an additional 54,237 shares during the period. M&T Bank Corp increased its stake 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 in the last quarter. Geode Capital Management LLC increased its stake in ONE Gas by 1.4% during 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 purchasing an additional 18,477 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in ONE Gas during the third quarter worth $422,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

OGS stock opened at $76.96 on Thursday. 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 firm has a market cap of $4.61 billion, a PE ratio of 19.68, a P/E/G ratio of 3.64 and a beta of 0.74. The business has a 50 day moving average of $73.78 and a 200-day moving average of $72.70. ONE Gas, Inc. has a 12-month low of $58.31 and a 12-month high of $78.89.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on OGS. Jefferies Financial Group raised shares of ONE Gas from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. StockNews.com raised 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 report on Monday, March 17th. Finally, Morgan Stanley increased their price target on ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.