Three Seasons Wealth LLC Takes Position in ONE Gas, Inc. (NYSE:OGS)

Three Seasons Wealth LLC acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,863 shares of the utilities provider’s stock, valued at approximately $475,000.

A number of other large investors have also bought and sold shares of OGS. Coppell Advisory Solutions LLC acquired a new position in shares of ONE Gas during the fourth quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 362 shares during the period. Crews Bank & Trust purchased a new stake in shares of ONE Gas during the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB bought a new position in shares of ONE Gas in the third quarter worth $45,000. Finally, Sound Income Strategies LLC purchased a new position in ONE Gas during the 4th quarter valued at about $51,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $78.47 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $79.24. The company has a fifty day moving average of $74.58 and a 200-day moving average of $72.89. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Equities research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley set a $74.00 target price on shares of ONE Gas and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a report on Monday, March 17th. Finally, StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.79.

ONE Gas Company 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.