ONE Gas, Inc. $OGS Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its holdings in ONE Gas, Inc. (NYSE:OGS) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,819 shares of the utilities provider’s stock after selling 8,196 shares during the period. Texas Permanent School Fund Corp’s holdings in ONE Gas were worth $4,730,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OGS. HighTower Advisors LLC boosted its holdings in ONE Gas by 17.7% in the first quarter. HighTower Advisors LLC now owns 26,752 shares of the utilities provider’s stock valued at $2,022,000 after purchasing an additional 4,028 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in ONE Gas in the 1st quarter valued at about $225,000. Wellington Management Group LLP raised its position in ONE Gas by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock valued at $256,849,000 after purchasing an additional 33,210 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of ONE Gas by 72.5% in the 1st quarter. Hsbc Holdings PLC now owns 71,348 shares of the utilities provider’s stock valued at $5,406,000 after buying an additional 29,983 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of ONE Gas in the 1st quarter valued at about $111,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Morgan Stanley reissued an “underperform” rating and issued a $75.00 price objective on shares of ONE Gas in a research report on Thursday, November 20th. Bank of America raised their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, December 4th. UBS Group lowered their target price on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group increased their target price on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $85.86.

ONE Gas Stock Up 1.4%

OGS stock opened at $78.60 on Thursday. The stock has a market cap of $4.72 billion, a P/E ratio of 18.32, a PEG ratio of 2.67 and a beta of 0.79. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $83.96. The company’s 50 day moving average is $80.94 and its two-hundred day moving average is $76.94.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The firm had revenue of $379.13 million for the quarter, compared to the consensus estimate of $404.19 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was up 11.4% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a dividend of $0.67 per share. The ex-dividend date was Friday, November 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s payout ratio is 62.47%.

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.