Teacher Retirement System of Texas Invests $298,000 in ONE Gas, Inc. (NYSE:OGS)

Teacher Retirement System of Texas acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,299 shares of the utilities provider’s stock, valued at approximately $298,000.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its position in ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 362 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of ONE Gas in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of ONE Gas in the 3rd quarter valued at $45,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in ONE Gas in the 4th quarter worth $51,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a research note on Monday, March 17th. Jefferies Financial Group dropped their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, Morgan Stanley raised their price target on shares of ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.44.

ONE Gas Stock Performance

NYSE:OGS opened at $76.23 on Wednesday. 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’s fifty day simple moving average is $72.71 and its 200 day simple moving average is $72.62. The stock has a market cap of $4.56 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. ONE Gas, Inc. has a twelve month low of $58.31 and a twelve month high of $78.89.

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

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.67 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is 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.