Teacher Retirement System of Texas Purchases 6,935 Shares of ONE Gas, Inc. $OGS

Teacher Retirement System of Texas raised its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 34.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,107 shares of the utilities provider’s stock after buying an additional 6,935 shares during the quarter. Teacher Retirement System of Texas’ holdings in ONE Gas were worth $1,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 227 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of ONE Gas by 20.1% in the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after buying an additional 152 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of ONE Gas in the first quarter valued at $76,000. Farther Finance Advisors LLC increased its stake in shares of ONE Gas by 34.8% in the second quarter. Farther Finance Advisors LLC now owns 1,080 shares of the utilities provider’s stock valued at $78,000 after buying an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in ONE Gas by 102.7% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 682 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

OGS opened at $81.51 on Tuesday. The business’s fifty day moving average is $78.71 and its 200-day moving average is $76.01. The firm has a market cap of $4.89 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 3.17 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $83.39.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OGS. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Jefferies Financial Group boosted their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley reissued an “outperform” rating and set a $72.00 target price on shares of ONE Gas in a report on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.69.

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.