KBC Group NV boosted its stake in ONE Gas Inc (NYSE:OGS) by 35.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,397 shares of the utilities provider’s stock after purchasing an additional 8,502 shares during the period. KBC Group NV’s holdings in ONE Gas were worth $2,373,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in ONE Gas by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 336,355 shares of the utilities provider’s stock valued at $24,770,000 after purchasing an additional 16,286 shares during the last quarter. Legal & General Group Plc lifted its stake in ONE Gas by 8.4% in the 3rd quarter. Legal & General Group Plc now owns 214,625 shares of the utilities provider’s stock valued at $15,810,000 after purchasing an additional 16,578 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in ONE Gas in the 3rd quarter valued at approximately $2,209,000. Putnam FL Investment Management Co. acquired a new position in ONE Gas in the 3rd quarter valued at approximately $1,295,000. Finally, First Citizens Bank & Trust Co. acquired a new position in ONE Gas in the 4th quarter valued at approximately $285,000. 73.27% of the stock is owned by institutional investors and hedge funds.
ONE Gas Inc (OGS) opened at $67.66 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.73. ONE Gas Inc has a 12-month low of $63.16 and a 12-month high of $79.51. The stock has a market cap of $3,563.50, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 3.77 and a beta of 0.03.
Several brokerages have issued reports on OGS. Morgan Stanley decreased their price target on shares of ONE Gas from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday, February 13th. Wells Fargo & Co set a $69.00 price target on shares of ONE Gas and gave the company a “hold” rating in a research report on Tuesday, February 13th. Jefferies Group restated a “sell” rating and issued a $63.00 price target on shares of ONE Gas in a research report on Wednesday, December 20th. Finally, Zacks Investment Research cut shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. ONE Gas presently has a consensus rating of “Hold” and an average price target of $70.80.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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