Martingale Asset Management L P Trims Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Martingale Asset Management L P lowered its stake in ONE Gas, Inc. (NYSE:OGS) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,720 shares of the utilities provider’s stock after selling 790 shares during the period. Martingale Asset Management L P’s holdings in ONE Gas were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of ONE Gas by 0.9% during the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock valued at $1,139,000 after acquiring an additional 152 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in ONE Gas by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock valued at $1,497,000 after acquiring an additional 187 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in 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. LPL Financial LLC lifted its stake in shares of ONE Gas by 0.8% during the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock worth $1,994,000 after buying an additional 220 shares during the period. Finally, WINTON GROUP Ltd increased its holdings in shares of ONE Gas by 2.0% in the fourth quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider’s stock valued at $1,064,000 after purchasing an additional 304 shares during the period. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Up 1.0 %

OGS stock opened at $74.13 on Friday. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89. The firm’s 50-day moving average is $73.35 and its two-hundred day moving average is $72.63. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share 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 company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. On average, analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.