Teacher Retirement System of Texas Has $1.53 Million Stake in 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 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,172 shares of the utilities provider's stock after buying 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 reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in ONE Gas by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock worth $434,253,000 after buying an additional 41,933 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of ONE Gas by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock valued at $147,152,000 after buying an additional 25,145 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ONE Gas by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after buying an additional 15,976 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after buying an additional 152,028 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after purchasing an additional 310,460 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OGS has been the topic of several analyst reports. Guggenheim lifted their price target on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Wells Fargo & Company boosted their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $77.64.

ONE Gas Price Performance

Shares of OGS traded down $0.61 during midday trading on Friday, reaching $73.08. The stock had a trading volume of 397,873 shares, compared to its average volume of 467,505. ONE Gas, Inc. has a 52 week low of $65.18 and a 52 week high of $82.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. The firm's 50 day moving average price is $74.02 and its 200-day moving average price is $73.34. The company has a market capitalization of $4.38 billion, a P/E ratio of 17.65, a P/E/G ratio of 3.09 and a beta of 0.80.

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

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's payout ratio is presently 64.73%.

ONE Gas 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.