California Public Employees Retirement System boosted its holdings in shares of ONE Gas Inc (NYSE:OGS) by 26.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,894 shares of the utilities provider’s stock after purchasing an additional 22,989 shares during the period. California Public Employees Retirement System owned about 0.21% of ONE Gas worth $10,562,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpha Windward LLC bought a new position in shares of ONE Gas in the 2nd quarter valued at $26,000. NumerixS Investment Technologies Inc acquired a new stake in ONE Gas in the second quarter valued at $27,000. Steward Partners Investment Advisory LLC acquired a new stake in ONE Gas in the second quarter valued at $31,000. North Star Investment Management Corp. acquired a new stake in ONE Gas in the third quarter valued at $31,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in ONE Gas in the second quarter valued at $47,000. Hedge funds and other institutional investors own 76.03% of the company’s stock.
A number of analysts recently weighed in on OGS shares. Mizuho started coverage on ONE Gas in a report on Wednesday, October 16th. They issued a “neutral” rating and a $96.00 price objective for the company. UBS Group increased their price objective on ONE Gas from $90.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday. ValuEngine downgraded ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley decreased their price target on ONE Gas from $85.00 to $83.00 and set an “underweight” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $90.00.
NYSE OGS traded up $0.75 during trading hours on Wednesday, hitting $88.63. The company’s stock had a trading volume of 321,800 shares, compared to its average volume of 206,809. ONE Gas Inc has a 52 week low of $75.51 and a 52 week high of $96.66. The company’s 50-day simple moving average is $90.41 and its two-hundred day simple moving average is $90.98. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.69 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 4.24 and a beta of 0.24.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $248.56 million for the quarter, compared to the consensus estimate of $254.15 million. ONE Gas had a return on equity of 8.63% and a net margin of 10.83%. During the same period in the prior year, the business earned $0.31 EPS. Research analysts anticipate that ONE Gas Inc will post 3.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.26%. ONE Gas’s dividend payout ratio (DPR) is presently 61.54%.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
Recommended Story: The risks of owning bonds
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.