ONE Gas, Inc. (NYSE:OGS) Given Average Rating of “Hold” by Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $68.10.

OGS has been the subject of several research reports. Morgan Stanley increased their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company reduced their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds have recently made changes to their positions in OGS. Wellington Management Group LLP increased its stake in ONE Gas by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after acquiring an additional 645,566 shares during the period. Energy Income Partners LLC raised its holdings in shares of ONE Gas by 52.9% in the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after buying an additional 306,974 shares in the last quarter. American Century Companies Inc. boosted its stake in ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after buying an additional 272,923 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in ONE Gas in the first quarter valued at $16,939,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

NYSE:OGS opened at $77.87 on Friday. The firm has a market capitalization of $4.41 billion, a PE ratio of 20.28 and a beta of 0.67. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a 1 year low of $55.50 and a 1 year high of $78.21. The firm’s fifty day simple moving average is $73.49 and its 200 day simple moving average is $68.07.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that ONE Gas will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.39%. ONE Gas’s dividend payout ratio is currently 68.75%.

ONE Gas Company Profile

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.