Teachers Retirement System of The State of Kentucky Has $1.45 Million Position in ONE Gas, Inc. $OGS

Teachers Retirement System of The State of Kentucky lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 70.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,852 shares of the utilities provider’s stock after selling 42,696 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ONE Gas were worth $1,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OGS. Allianz Asset Management GmbH raised its stake in shares of ONE Gas by 23.4% in the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock valued at $8,341,000 after purchasing an additional 19,522 shares in the last quarter. Rhumbline Advisers boosted its stake in ONE Gas by 7.9% during the second quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider’s stock worth $15,856,000 after buying an additional 16,249 shares in the last quarter. Federated Hermes Inc. increased its stake in ONE Gas by 269.0% in the third quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock valued at $3,472,000 after acquiring an additional 31,275 shares during the period. Quantbot Technologies LP bought a new position in shares of ONE Gas during the 2nd quarter worth approximately $2,542,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of ONE Gas during the third quarter valued at $1,925,000. 88.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Mizuho boosted their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Bank of America lifted their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley set a $79.00 target price on ONE Gas in a research report on Friday, February 20th. Finally, Stifel Nicolaus raised their price target on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.88.

Insider Activity

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the transaction, the insider owned 2,246 shares of the company’s stock, valued at $194,144.24. This represents a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

ONE Gas Stock Down 1.1%

NYSE:OGS opened at $86.76 on Friday. ONE Gas, Inc. has a 1 year low of $69.75 and a 1 year high of $87.88. The stock has a 50-day moving average price of $81.15 and a two-hundred day moving average price of $79.81. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.29 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The business had revenue of $689.37 million for the quarter, compared to analysts’ expectations of $990.44 million. During the same quarter in the previous year, the business posted $1.34 EPS. ONE Gas’s revenue for the quarter was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.68 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 20th. ONE Gas’s payout ratio is currently 62.24%.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.