California Public Employees Retirement System Has $19.07 Million Holdings in ONE Gas, Inc. (NYSE:OGS)

California Public Employees Retirement System increased its holdings in ONE Gas, Inc. (NYSE:OGS) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 299,344 shares of the utilities provider’s stock after acquiring an additional 2,962 shares during the quarter. California Public Employees Retirement System’s holdings in ONE Gas were worth $19,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of ONE Gas in the 4th quarter worth about $8,825,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of ONE Gas in the 3rd quarter worth about $878,000. Lazard Asset Management LLC raised its holdings in shares of ONE Gas by 1,674.5% in the 3rd quarter. Lazard Asset Management LLC now owns 30,024 shares of the utilities provider’s stock worth $2,049,000 after acquiring an additional 28,332 shares during the last quarter. Prudential PLC raised its holdings in shares of ONE Gas by 51.4% in the 3rd quarter. Prudential PLC now owns 58,608 shares of the utilities provider’s stock worth $4,002,000 after acquiring an additional 19,906 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of ONE Gas by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after acquiring an additional 27,831 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective for the company in a research note on Tuesday, March 5th. Wells Fargo & Company increased their price objective on shares of ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. UBS Group initiated coverage on shares of ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective for the company. Finally, Mizuho increased their price objective on shares of ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average target price of $64.56.

ONE Gas Trading Down 0.9 %

Shares of OGS stock opened at $63.95 on Monday. The company has a 50 day moving average of $62.33 and a 200-day moving average of $62.15. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $83.89. The firm has a market cap of $3.62 billion, a P/E ratio of 15.45, a PEG ratio of 3.32 and a beta of 0.65.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million during the quarter, compared to analyst estimates of $751.77 million. During the same quarter last year, the business posted $1.23 EPS. ONE Gas’s quarterly revenue was down 26.0% compared to the same quarter last year. Sell-side analysts anticipate that ONE Gas, Inc. will post 3.86 earnings per share for the current year.

ONE Gas 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.