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 report released on Tuesday morning.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company increased their price target on ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $68.10.

ONE Gas Price Performance

NYSE:OGS traded up $1.00 during trading hours on Tuesday, reaching $73.81. 24,014 shares of the company were exchanged, compared to its average volume of 407,190. The company has a market capitalization of $4.18 billion, a P/E ratio of 18.96, a P/E/G ratio of 3.62 and a beta of 0.67. ONE Gas has a 1-year low of $55.50 and a 1-year high of $75.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. The business has a 50 day moving average of $72.33 and a 200 day moving average of $67.33.

ONE Gas (NYSE:OGS) last released 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). 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 for the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts forecast that ONE Gas will post 3.86 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.58%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OGS. Pathstone Holdings LLC grew its position in shares of ONE Gas by 113.5% during 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 in the last quarter. Coastline Trust Co purchased a new position in shares of ONE Gas during the 3rd quarter valued at $60,000. Connable Office Inc. purchased a new position in shares of ONE Gas during the 3rd quarter valued at $474,000. Cable Hill Partners LLC purchased a new position in shares of ONE Gas during the 3rd quarter valued at $261,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of ONE Gas during the 3rd quarter valued at $1,595,000. 88.71% of the stock is currently owned by hedge funds and other 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.