California Public Employees Retirement System Has $13.10 Million Stock Holdings in ONE Gas, Inc. $OGS

California Public Employees Retirement System lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,127 shares of the utilities provider’s stock after selling 8,518 shares during the quarter. California Public Employees Retirement System owned approximately 0.24% of ONE Gas worth $13,103,000 as of its most recent SEC filing.

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

ONE Gas Stock Up 0.6%

OGS stock opened at $80.44 on Friday. ONE Gas, Inc. has a fifty-two week low of $71.71 and a fifty-two week high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.63 and a beta of 0.66. The business’s fifty day moving average price is $78.65 and its two-hundred day moving average price is $82.42.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The business had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. During the same period in the previous year, the firm posted $1.99 EPS. The company’s revenue was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.88 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio is 61.40%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company initiated coverage on ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target for the company. Wall Street Zen lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. BTIG Research restated a “buy” rating and set a $96.00 target price on shares of ONE Gas in a research note on Thursday. Truist Financial reduced their target price on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Capital One Financial set a $93.00 price target on shares of ONE Gas in a research note on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $89.70.

ONE Gas Company Profile

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.