ONE Gas (NYSE:OGS) Upgraded at StockNews.com

StockNews.com upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Other research analysts have also issued reports about the stock. Stifel Nicolaus increased their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group decreased their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research note on Friday, December 6th. Finally, Bank of America began coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.31.

ONE Gas Trading Up 2.3 %

NYSE:OGS opened at $74.10 on Wednesday. The company has a 50-day moving average price of $71.67 and a 200-day moving average price of $72.19. ONE Gas has a 12 month low of $58.31 and a 12 month high of $78.89. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $973.58 million. Equities analysts predict that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is currently 68.54%.

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 362 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of ONE Gas in the fourth quarter worth approximately $26,000. Crews Bank & Trust purchased a new position in shares of ONE Gas in the fourth quarter worth approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas during the third quarter valued at approximately $45,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in ONE Gas during the fourth quarter valued at approximately $50,000. 88.71% of the stock is currently owned by institutional investors.

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.