Public Employees Retirement Association of Colorado Lowers Holdings in ONE Gas, Inc. (OGS)

Public Employees Retirement Association of Colorado lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,727 shares of the utilities provider’s stock after selling 1,701 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in ONE Gas were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp increased its position in ONE Gas by 5.1% in the 2nd quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock valued at $127,367,000 after acquiring an additional 88,740 shares in the last quarter. Northern Trust Corp increased its position in ONE Gas by 13.1% in the 2nd quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock valued at $89,998,000 after acquiring an additional 149,153 shares in the last quarter. Bank of New York Mellon Corp increased its position in ONE Gas by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 716,527 shares of the utilities provider’s stock valued at $50,021,000 after acquiring an additional 3,973 shares in the last quarter. Goldman Sachs Group Inc. increased its position in ONE Gas by 41.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock valued at $48,322,000 after acquiring an additional 203,201 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in ONE Gas by 58.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock valued at $39,795,000 after acquiring an additional 199,475 shares in the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

OGS has been the subject of several research reports. Morgan Stanley raised their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. UBS AG cut shares of ONE Gas from a “neutral” rating to a “sell” rating and raised their price objective for the company from $71.00 to $72.00 in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday, November 8th. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.83.

Shares of ONE Gas, Inc. (OGS) opened at $76.56 on Tuesday. ONE Gas, Inc. has a 1 year low of $57.37 and a 1 year high of $78.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14. The company has a market cap of $3,967.58, a P/E ratio of 25.39, a PEG ratio of 4.03 and a beta of 0.11.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The company had revenue of $247.14 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the previous year, the company earned $0.24 EPS. research analysts expect that ONE Gas, Inc. will post 3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 10th. ONE Gas’s dividend payout ratio is 56.19%.

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ONE Gas Profile

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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