State of New Jersey Common Pension Fund D Boosts Stock Position in ONE Gas, Inc. (NYSE:OGS)

State of New Jersey Common Pension Fund D boosted its position in shares of ONE Gas, Inc. (NYSE:OGS) by 25.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,401 shares of the utilities provider’s stock after acquiring an additional 8,612 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of ONE Gas worth $2,702,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. boosted its stake in shares of ONE Gas by 1,312.3% in the third quarter. Jupiter Asset Management Ltd. now owns 243,486 shares of the utilities provider’s stock valued at $16,625,000 after purchasing an additional 226,246 shares during the period. Barclays PLC grew its stake in shares of ONE Gas by 162.5% in the third quarter. Barclays PLC now owns 330,631 shares of the utilities provider’s stock worth $22,575,000 after acquiring an additional 204,655 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of ONE Gas by 11.2% during the third quarter. Victory Capital Management Inc. now owns 1,451,343 shares of the utilities provider’s stock worth $99,098,000 after acquiring an additional 146,110 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of ONE Gas during the third quarter worth $9,796,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of ONE Gas in the fourth quarter valued at $8,825,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Trading Down 0.2 %

Shares of ONE Gas stock opened at $64.52 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $62.48 and a 200-day simple moving average of $62.09. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 3.35 and a beta of 0.65. ONE Gas, Inc. has a 12-month low of $55.50 and a 12-month high of $83.89.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $751.77 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. ONE Gas’s revenue for the quarter was down 26.0% on a year-over-year basis. On average, equities analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.