ONE Gas (NYSE:OGS) Reaches New 52-Week High – Time to Buy?

Shares of ONE Gas, Inc. (NYSE:OGS) hit a new 52-week high during trading on Monday . The company traded as high as $78.46 and last traded at $78.46, with a volume of 528 shares trading hands. The stock had previously closed at $77.87.

Wall Street Analyst Weigh In

OGS has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, ONE Gas has an average rating of “Hold” and an average target price of $68.10.

ONE Gas Trading Up 1.0 %

The business’s 50 day moving average price is $73.60 and its 200-day moving average price is $68.21. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 20.28 and a beta of 0.67.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $287.48 million. During the same quarter last year, the firm earned $0.45 EPS. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Hedge Funds Weigh In On ONE Gas

Hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of ONE Gas by 55.2% during the 1st quarter. Janus Henderson Group PLC now owns 287,006 shares of the utilities provider’s stock valued at $18,520,000 after purchasing an additional 102,092 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of ONE Gas by 283.6% during the 1st quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after purchasing an additional 142,865 shares during the last quarter. Boston Partners bought a new stake in ONE Gas during the 1st quarter worth approximately $708,000. CANADA LIFE ASSURANCE Co grew its holdings in ONE Gas by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 72,061 shares of the utilities provider’s stock worth $4,654,000 after acquiring an additional 3,233 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in ONE Gas by 19.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock worth $20,037,000 after acquiring an additional 50,515 shares during the last quarter. 88.71% of the stock is 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.