Teacher Retirement System of Texas Invests $298,000 in ONE Gas, Inc. (NYSE:OGS)

Teacher Retirement System of Texas acquired a new stake in ONE Gas, Inc. (NYSE:OGS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,299 shares of the utilities provider’s stock, valued at approximately $298,000.

Several other institutional investors have also bought and sold shares of the company. Citigroup Inc. lifted its position in shares of ONE Gas by 164.0% during the 3rd quarter. Citigroup Inc. now owns 60,170 shares of the utilities provider’s stock valued at $4,478,000 after buying an additional 37,377 shares during the last quarter. Captrust Financial Advisors raised its stake in ONE Gas by 10.3% in the 3rd quarter. Captrust Financial Advisors now owns 40,807 shares of the utilities provider’s stock valued at $3,037,000 after acquiring an additional 3,818 shares during the period. Benjamin Edwards Inc. purchased a new stake in ONE Gas during the third quarter valued at about $1,524,000. Holocene Advisors LP boosted its position in ONE Gas by 45.9% during the third quarter. Holocene Advisors LP now owns 53,646 shares of the utilities provider’s stock worth $3,992,000 after purchasing an additional 16,873 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of ONE Gas by 12.1% in the third quarter. Stifel Financial Corp now owns 13,659 shares of the utilities provider’s stock worth $1,016,000 after purchasing an additional 1,469 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

ONE Gas stock opened at $76.23 on Wednesday. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 3.64 and a beta of 0.66. 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 business has a 50-day simple moving average of $72.71 and a 200 day simple moving average of $72.62. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $78.89.

ONE Gas (NYSE:OGS) last issued 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 company 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%. On average, research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.67 dividend. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.52%. ONE Gas’s dividend payout ratio is presently 68.54%.

Analyst Ratings Changes

A number of brokerages recently commented on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research note on Monday, March 17th. Morgan Stanley raised their price target on ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Jefferies Financial Group decreased their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus upped their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $72.44.

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.