Teacher Retirement System of Texas Purchases 15,873 Shares of ONE Gas, Inc. (NYSE:OGS)

Teacher Retirement System of Texas raised its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 369.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,172 shares of the utilities provider's stock after purchasing an additional 15,873 shares during the quarter. Teacher Retirement System of Texas' holdings in ONE Gas were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $26,000. UMB Bank n.a. grew its position in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after buying an additional 257 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC grew its position in shares of ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after buying an additional 530 shares during the period. Finally, Transce3nd LLC acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Price Performance

OGS traded down $1.17 during midday trading on Tuesday, hitting $72.85. The stock had a trading volume of 284,033 shares, compared to its average volume of 467,235. The company has a market cap of $4.37 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 3.07 and a beta of 0.80. The business has a fifty day moving average of $74.02 and a 200 day moving average of $73.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.59. ONE Gas, Inc. has a 1 year low of $65.18 and a 1 year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. The firm had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business's quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 earnings per share. As a group, equities analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.68%. ONE Gas's dividend payout ratio is presently 64.73%.

Wall Street Analyst Weigh In

OGS has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Guggenheim raised their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Friday, May 9th. Finally, Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ONE Gas currently has a consensus rating of "Hold" and an average price target of $77.64.

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.