Icon Advisers Inc. Co. Decreases Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Icon Advisers Inc. Co. reduced its position in ONE Gas, Inc. (NYSE:OGS) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,700 shares of the utilities provider’s stock after selling 5,000 shares during the quarter. Icon Advisers Inc. Co. owned about 0.09% of ONE Gas worth $3,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of OGS. Vanguard Group Inc. boosted its stake in shares of ONE Gas by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock valued at $434,253,000 after purchasing an additional 41,933 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 18,477 shares during the period. Boston Trust Walden Corp raised its position in ONE Gas by 0.9% in the 4th 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. increased its stake in ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock valued at $59,849,000 after purchasing an additional 152,028 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in ONE Gas by 3.3% during 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 last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Trading Up 1.2 %

Shares of OGS stock opened at $74.94 on Monday. The company has a market cap of $4.49 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a 12 month low of $58.31 and a 12 month high of $78.89. 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 business’s 50 day moving average is $73.45 and its two-hundred day moving average is $72.63.

ONE Gas (NYSE:OGS) last announced 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 during the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

Analyst Ratings Changes

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