Teachers Retirement System of The State of Kentucky Sells 42,696 Shares of ONE Gas, Inc. $OGS

Teachers Retirement System of The State of Kentucky lowered its stake in ONE Gas, Inc. (NYSE:OGS) by 70.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OGS. American Century Companies Inc. grew its position in shares of ONE Gas by 5.6% in the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock valued at $308,899,000 after purchasing an additional 202,189 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after buying an additional 1,490,492 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ONE Gas by 6.0% in the second quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock valued at $106,290,000 after acquiring an additional 84,296 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ONE Gas by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock valued at $58,547,000 after acquiring an additional 27,713 shares in the last quarter. Finally, Energy Income Partners LLC increased its position in ONE Gas by 6.4% during the second quarter. Energy Income Partners LLC now owns 692,487 shares of the utilities provider’s stock worth $49,762,000 after acquiring an additional 41,678 shares during the period. 88.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 in the company, valued at approximately $194,144.24. This trade represents a 30.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

ONE Gas Stock Down 1.1%

Shares of NYSE OGS opened at $86.76 on Friday. The company has a 50 day simple moving average of $81.15 and a 200 day simple moving average of $79.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48. ONE Gas, Inc. has a 1 year low of $69.75 and a 1 year high of $87.88. The firm has a market cap of $5.44 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.29 and a beta of 0.80.

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

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be issued a $0.68 dividend. The ex-dividend date is Friday, February 20th. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 3.1%. ONE Gas’s dividend payout ratio (DPR) is currently 62.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OGS shares. Morgan Stanley set a $79.00 target price on shares of ONE Gas in a research report on Friday, February 20th. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Mizuho upped their target price on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Stifel Nicolaus raised their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Finally, UBS Group dropped their price target on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and a consensus target price of $86.88.

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.