California State Teachers Retirement System Has $6.07 Million Holdings in ONE Gas, Inc. $OGS

California State Teachers Retirement System raised its position in shares of ONE Gas, Inc. (NYSE:OGS) by 21.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 70,430 shares of the utilities provider’s stock after buying an additional 12,245 shares during the period. California State Teachers Retirement System’s holdings in ONE Gas were worth $6,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of ONE Gas in the fourth quarter worth approximately $25,000. Triumph Capital Management boosted its stake in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp acquired a new position in ONE Gas in the 4th quarter worth approximately $29,000. Torren Management LLC purchased a new position in ONE Gas during the 4th quarter worth approximately $31,000. Finally, Quarry LP grew its position in ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGS has been the subject of a number of research analyst reports. BTIG Research restated a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a report on Thursday, July 23rd. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company began coverage on ONE Gas in a research note on Monday, May 11th. They issued an “underweight” rating and a $85.00 price objective for the company. Mizuho decreased their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Finally, Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $89.70.

ONE Gas Stock Up 2.5%

Shares of ONE Gas stock opened at $79.26 on Thursday. The stock has a market capitalization of $4.97 billion, a P/E ratio of 17.08, a PEG ratio of 2.55 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $78.09 and a two-hundred day moving average price of $82.56. ONE Gas, Inc. has a 12-month low of $71.71 and a 12-month high of $90.78.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.92%. The company had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts expect that ONE Gas, Inc. will post 4.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s payout ratio is currently 58.62%.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.