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

Teacher Retirement System of Texas bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,299 shares of the utilities provider's stock, valued at approximately $298,000.

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

Analyst Upgrades and Downgrades

OGS has been the subject of several research reports. Stifel Nicolaus increased their target price 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 report on Wednesday, March 12th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a report on Monday, March 17th. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They issued a "buy" rating and a $77.00 price target on the stock. Finally, Jefferies Financial Group reduced their price objective on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $72.44.

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ONE Gas Stock Performance

Shares of NYSE OGS traded down $2.71 during midday trading on Friday, hitting $73.66. 601,482 shares of the stock traded hands, compared to its average volume of 431,150. The firm has a market capitalization of $4.41 billion, a P/E ratio of 18.84, a PEG ratio of 3.64 and a beta of 0.74. 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 has a 50-day moving average of $72.97 and a two-hundred day moving average of $72.68. ONE Gas, Inc. has a one year low of $58.31 and a one year high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting the consensus estimate of $1.34. The firm had revenue of $630.70 million for the quarter, compared to analysts' expectations of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, equities analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.64%. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date was Friday, February 21st. ONE Gas's dividend payout ratio is 68.54%.

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.