ONE Gas, Inc. (NYSE:OGS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,508 shares of the utilities provider’s stock after selling 3,956 shares during the period. California Public Employees Retirement System owned 0.50% of ONE Gas worth $19,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of ONE Gas during the fourth quarter valued at $43,344,000. JPMorgan Chase & Co. raised its position in shares of ONE Gas by 21.3% in the fourth 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 during the last quarter. WINTON GROUP Ltd lifted its stake in shares of ONE Gas by 2.0% during the fourth quarter. WINTON GROUP Ltd now owns 15,359 shares of the utilities provider’s stock valued at $1,064,000 after buying an additional 304 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in ONE Gas by 0.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 100,448 shares of the utilities provider’s stock worth $6,956,000 after acquiring an additional 488 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake 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 acquiring an additional 41,933 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OGS shares. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a report on Monday, March 17th. Jefferies Financial Group decreased their price target 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. Morgan Stanley lifted their price target on ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus boosted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.44.

ONE Gas Price Performance

ONE Gas stock opened at $73.66 on Friday. The firm has a fifty day moving average of $73.07 and a 200-day moving average of $72.68. ONE Gas, Inc. has a 52-week low of $58.31 and a 52-week high of $78.89. 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 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.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. As a group, analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.67 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is presently 68.54%.

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.