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

ONE Gas, Inc. (NYSE:OGS) has been assigned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $72.31.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a report on Friday, December 6th. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $75.05 on Monday. The firm has a market cap of $4.49 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. ONE Gas has a 52 week low of $58.31 and a 52 week high of $78.89. The business’s fifty day simple moving average is $70.76 and its 200-day simple moving average is $71.76.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The firm had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Equities analysts forecast that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.57%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is currently 68.54%.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently made changes to their positions in OGS. Creative Planning lifted its stake in ONE Gas by 3.5% in the third quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 1,021 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of ONE Gas by 9,036.9% during the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after purchasing an additional 200,168 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ONE Gas during the third quarter worth $260,000. State of Alaska Department of Revenue increased its holdings in ONE Gas by 7.4% in the third quarter. State of Alaska Department of Revenue now owns 6,438 shares of the utilities provider’s stock valued at $479,000 after buying an additional 445 shares during the last quarter. Finally, Insight Folios Inc raised its stake in ONE Gas by 100.0% in the third quarter. Insight Folios Inc now owns 8,720 shares of the utilities provider’s stock valued at $649,000 after buying an additional 4,360 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

About ONE Gas

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.