New York State Teachers Retirement System Sells 300 Shares of ONE Gas, Inc. (NYSE:OGS)

New York State Teachers Retirement System trimmed its stake in ONE Gas, Inc. (NYSE:OGS) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,125 shares of the utilities provider’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in ONE Gas were worth $4,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the period. Victory Capital Management Inc. raised its holdings in ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after acquiring an additional 10,189 shares during the period. Energy Income Partners LLC lifted its position in ONE Gas by 52.9% during the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after acquiring an additional 366,363 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in ONE Gas by 10.4% during the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after acquiring an additional 98,489 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of ONE Gas by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after purchasing an additional 61,192 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OGS has been the subject of several research analyst reports. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley increased their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company raised their price objective on shares of ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and an average price target of $68.30.

ONE Gas Trading Up 0.9 %

ONE Gas stock opened at $70.59 on Wednesday. The business has a 50 day moving average price of $72.12 and a two-hundred day moving average price of $67.24. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $74.99. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 3.63 and a beta of 0.67.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.07). The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. As a group, equities analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.74%. ONE Gas’s payout ratio is currently 68.75%.

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.