Teachers Retirement System of The State of Kentucky Has $4.54 Million Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Teachers Retirement System of The State of Kentucky raised its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 234.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,976 shares of the utilities provider's stock after purchasing an additional 42,724 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.11% of ONE Gas worth $4,539,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC boosted its stake in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after buying an additional 266 shares during the period. Rothschild Investment LLC bought a new stake in ONE Gas in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock worth $40,000 after purchasing an additional 349 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 261 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after buying an additional 210 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Bank of America assumed coverage on shares of ONE Gas in a report on Friday. They set a "buy" rating and a $77.00 price objective for the company. Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on ONE Gas in a research report on Monday, December 9th. They issued a "hold" rating and a $79.00 price target on the stock. Finally, Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $72.69.

ONE Gas Stock Performance

Shares of OGS stock traded up $0.17 during mid-day trading on Friday, reaching $70.38. The stock had a trading volume of 562,695 shares, compared to its average volume of 407,834. ONE Gas, Inc. has a one year low of $57.74 and a one year high of $78.89. The firm has a market cap of $3.99 billion, a PE ratio of 18.33 and a beta of 0.70. The firm's 50 day simple moving average is $73.86 and its 200 day simple moving average is $69.33. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the business earned $0.45 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts forecast that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas's payout ratio is 68.75%.

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.