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

ONE Gas, Inc. (NYSE:OGS) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $72.31.

OGS has been the topic of a number of analyst reports. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Jefferies Financial Group cut their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday. Bank of America began coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price target for the company. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a report on Friday, December 6th. Finally, Stifel Nicolaus boosted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th.

Institutional Trading of ONE Gas

Several institutional investors have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas acquired a new position in shares of ONE Gas in the 3rd quarter worth approximately $3,135,000. Pathstone Holdings LLC raised its position in ONE Gas by 113.5% in the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after purchasing an additional 12,060 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock worth $4,539,000 after purchasing an additional 42,724 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ONE Gas by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after purchasing an additional 18,889 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of ONE Gas by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after buying an additional 18,477 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

ONE Gas stock opened at $69.10 on Thursday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 5.70 and a beta of 0.71. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock’s 50-day moving average is $71.40 and its 200-day moving average is $71.20.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts anticipate that ONE Gas will post 3.89 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.67 dividend. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.88%. ONE Gas’s dividend payout ratio is currently 69.79%.

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.