Arizona State Retirement System Has $1.23 Million Holdings in ONE Gas, Inc. (NYSE:OGS)

Arizona State Retirement System trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,249 shares of the utilities provider’s stock after selling 193 shares during the period. Arizona State Retirement System’s holdings in ONE Gas were worth $1,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $26,000. UMB Bank n.a. boosted its position in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC boosted its position in shares of ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 530 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $77,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Up 0.4%

Shares of ONE Gas stock opened at $73.43 on Friday. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 3.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. ONE Gas, Inc. has a 1 year low of $65.75 and a 1 year high of $82.25. The company has a 50-day moving average of $73.40 and a 200 day moving average of $73.49.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.13. The firm had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.75 earnings per share. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, May 19th. ONE Gas’s dividend payout ratio (DPR) is presently 64.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OGS shares. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. LADENBURG THALM/SH SH raised shares of ONE Gas to a “hold” rating in a research note on Friday, May 9th. Morgan Stanley reissued an “underperform” rating on shares of ONE Gas in a research note on Wednesday, June 18th. Jefferies Financial Group raised shares of ONE Gas from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Finally, Wells Fargo & Company lifted their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and an average price target of $77.64.

About ONE Gas

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.