Texas Permanent School Fund Corp Boosts Holdings in ONE Gas, Inc. (NYSE:OGS)

Texas Permanent School Fund Corp raised its position in shares of ONE Gas, Inc. (NYSE:OGS) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,460 shares of the utilities provider’s stock after acquiring an additional 556 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of ONE Gas worth $3,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp lifted its stake in ONE Gas by 66.3% in the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 169 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of ONE Gas during the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC boosted its holdings in ONE Gas by 290.4% during the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 334 shares during the period. Jones Financial Companies Lllp grew its position in ONE Gas by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 337 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in ONE Gas by 147.8% in the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 479 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $65.65 on Monday. The company has a market capitalization of $3.71 billion, a PE ratio of 16.21, a P/E/G ratio of 3.41 and a beta of 0.66. The company has a 50-day simple moving average of $62.27 and a two-hundred day simple moving average of $62.17. ONE Gas, Inc. has a one year low of $55.50 and a one year high of $82.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.39 and a current ratio of 0.47.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $758.32 million for the quarter, compared to analysts’ expectations of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The company’s revenue was down 26.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 EPS. Research analysts expect that ONE Gas, Inc. will post 3.85 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Friday, May 17th. ONE Gas’s dividend payout ratio is presently 65.19%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OGS shares. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Friday. Morgan Stanley dropped their target price on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. UBS Group started coverage on shares of ONE Gas in a research note on Friday, April 12th. They set a “sell” rating and a $61.00 price target for the company. Finally, Mizuho increased their price objective on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.69.

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.