Rockefeller Capital Management L.P. Buys 35,527 Shares of ONE Gas, Inc. (NYSE:OGS)

Rockefeller Capital Management L.P. increased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,447 shares of the utilities provider’s stock after purchasing an additional 35,527 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ONE Gas were worth $19,767,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of ONE Gas by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock worth $434,253,000 after acquiring an additional 41,933 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 in the last quarter. Boston Trust Walden Corp increased its stake in shares of 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. raised its holdings in shares of ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider’s stock worth $59,849,000 after buying an additional 152,028 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $54,239,000 after buying an additional 24,860 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OGS shares. Morgan Stanley raised their price objective 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 shares of ONE Gas from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a research note on Monday, March 17th. Finally, StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.21.

ONE Gas Stock Performance

NYSE:OGS opened at $75.99 on Tuesday. The company has a market capitalization of $4.55 billion, a PE ratio of 19.43, a P/E/G ratio of 3.64 and a beta of 0.74. ONE Gas, Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $78.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The company has a 50 day simple moving average of $73.55 and a two-hundred day simple moving average of $72.64.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.34. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

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.