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

California Public Employees Retirement System lowered its stake in ONE Gas, Inc. (NYSE:OGS) by 5.3% in the first quarter, according to its most recent Form 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’s holdings in ONE Gas were worth $13,103,000 as of its most recent SEC filing.

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

ONE Gas Stock Up 0.6%

Shares of NYSE:OGS opened at $80.44 on Friday. The firm has a market cap of $5.05 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.63 and a beta of 0.66. ONE Gas, Inc. has a 12-month low of $71.71 and a 12-month high of $90.78. The business has a fifty day simple moving average of $78.65 and a 200 day simple moving average of $82.42. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The company had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts predict 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. Investors of record on Monday, May 18th were issued a $0.68 dividend. The ex-dividend date was Monday, May 18th. This represents a $2.72 annualized dividend and a yield of 3.4%. ONE Gas’s dividend payout ratio is presently 61.40%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OGS shares. Wolfe Research assumed coverage on ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating on the stock. Morgan Stanley raised their price objective on shares of ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Mizuho cut their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, BTIG Research restated a “buy” rating and issued a $96.00 price target on shares of ONE Gas in a research report on Thursday. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ONE Gas has a consensus rating of “Hold” and a consensus price target 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.