Alliancebernstein L.P. Has $7.47 Million Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Alliancebernstein L.P. decreased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 107,853 shares of the utilities provider’s stock after selling 6,119 shares during the quarter. Alliancebernstein L.P.’s holdings in ONE Gas were worth $7,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew 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 acquiring an additional 41,933 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 boosted its holdings 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 period. JPMorgan Chase & Co. grew its position 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 purchasing an additional 152,028 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of ONE Gas by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider’s stock worth $54,239,000 after purchasing an additional 24,860 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research note on Monday, March 17th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley boosted their price target 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 upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $84.00 in a research note on Monday. Finally, Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average target price of $73.44.

ONE Gas Stock Performance

ONE Gas stock opened at $74.94 on Friday. 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 stock has a market cap of $4.49 billion, a PE ratio of 19.16, a P/E/G 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 business’s 50-day moving average price is $73.45 and its two-hundred day moving average price is $72.63.

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

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.