ONE Gas, Inc. (NYSE:OGS) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 234.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,976 shares of the utilities provider’s stock after purchasing an additional 42,724 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ONE Gas were worth $4,539,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Transcendent Capital Group LLC raised its holdings in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 266 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of ONE Gas during the second quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its stake in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after buying an additional 349 shares during the last quarter. GAMMA Investing LLC raised its position in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Morgan Stanley boosted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group initiated coverage on ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 target price on the stock. Finally, LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, ONE Gas has a consensus rating of “Hold” and an average target price of $72.69.

ONE Gas Stock Up 0.2 %

Shares of NYSE OGS opened at $70.38 on Friday. The firm has a fifty day moving average of $73.86 and a 200-day moving average of $69.33. ONE Gas, Inc. has a 52-week low of $57.74 and a 52-week high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $3.99 billion, a PE ratio of 18.33 and a beta of 0.70.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. ONE Gas’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio is presently 68.75%.

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.