ONE Gas, Inc. (OGS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,883 shares of the company’s stock after buying an additional 29,161 shares during the period. JPMorgan Chase & Co. owned about 0.17% of ONE Gas worth $5,559,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in ONE Gas by 5.6% in the second quarter. Vanguard Group Inc. now owns 4,646,287 shares of the company’s stock valued at $309,396,000 after buying an additional 246,193 shares in the last quarter. AQR Capital Management LLC raised its stake in ONE Gas by 48.1% in the second quarter. AQR Capital Management LLC now owns 498,211 shares of the company’s stock valued at $33,176,000 after buying an additional 161,907 shares in the last quarter. WBI Investments Inc. bought a new stake in ONE Gas during the second quarter valued at $8,204,000. Pax World Management LLC raised its stake in ONE Gas by 107.0% in the second quarter. Pax World Management LLC now owns 166,975 shares of the company’s stock valued at $11,119,000 after buying an additional 86,304 shares in the last quarter. Finally, Scout Investments Inc. raised its stake in ONE Gas by 24.6% in the second quarter. Scout Investments Inc. now owns 296,339 shares of the company’s stock valued at $19,733,000 after buying an additional 58,577 shares in the last quarter. Institutional investors own 71.83% of the company’s stock.

Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

ONE Gas, Inc. (NYSE:OGS) traded up 0.29% during trading on Wednesday, reaching $62.55. 65,246 shares of the company’s stock were exchanged. The stock has a market cap of $3.27 billion, a PE ratio of 24.14 and a beta of 0.12. The firm has a 50 day moving average of $62.80 and a 200-day moving average of $62.23. ONE Gas, Inc. has a 12 month low of $48.70 and a 12 month high of $67.35.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 31st. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. ONE Gas had a return on equity of 7.36% and a net margin of 9.95%. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities research analysts anticipate that ONE Gas, Inc. will post $2.63 earnings per share for the current fiscal year.

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OGS has been the subject of several research analyst reports. Jefferies Group upgraded shares of ONE Gas from an “underperform” rating to a “hold” rating and set a $53.00 price objective for the company in a research note on Thursday, October 13th. Zacks Investment Research downgraded shares of ONE Gas from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Seaport Global Securities assumed coverage on shares of ONE Gas in a research report on Friday, November 18th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, Ladenburg Thalmann assumed coverage on shares of ONE Gas in a research report on Friday, December 9th. They issued a “neutral” rating and a $62.00 price target for the company. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. ONE Gas has an average rating of “Hold” and an average target price of $59.67.

ONE Gas Company Profile

ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.

5 Day Chart for NYSE:OGS

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