ONE Gas, Inc. (NYSE:OGS) Stock Holdings Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in ONE Gas, Inc. (NYSE:OGS) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,780 shares of the utilities provider’s stock after selling 1,001 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ONE Gas were worth $1,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised its holdings in ONE Gas by 3.5% during the third quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock valued at $2,248,000 after buying an additional 1,021 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of ONE Gas by 9,036.9% during the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock valued at $15,061,000 after acquiring an additional 200,168 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of ONE Gas in the 3rd quarter valued at approximately $260,000. State of Alaska Department of Revenue raised its stake in shares of ONE Gas by 7.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,438 shares of the utilities provider’s stock valued at $479,000 after acquiring an additional 445 shares in the last quarter. Finally, Insight Folios Inc lifted its holdings in ONE Gas by 100.0% in the 3rd quarter. Insight Folios Inc now owns 8,720 shares of the utilities provider’s stock worth $649,000 after purchasing an additional 4,360 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Trading Up 2.2 %

OGS opened at $74.74 on Tuesday. ONE Gas, Inc. has a twelve month low of $57.96 and a twelve month high of $78.89. The firm has a market cap of $4.48 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72. 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 firm’s fifty day moving average is $70.27 and its two-hundred day moving average is $71.59.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data 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 business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Equities research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, February 21st. ONE Gas’s dividend payout ratio is 68.54%.

Analysts Set New Price Targets

A number of research firms recently issued reports on OGS. Bank of America initiated coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. Wells Fargo & Company lowered their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Jefferies Financial Group dropped their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $72.31.

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.