ONE Gas, Inc. (NYSE:OGS) Receives Consensus Recommendation of “Hold” from Analysts

ONE Gas, Inc. (NYSE:OGS) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $77.36.

A number of analysts have issued reports on OGS shares. Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Wells Fargo & Company boosted their price target on shares of ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research note on Friday, May 9th. Finally, Morgan Stanley dropped their price target on shares of ONE Gas from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently modified their holdings of OGS. Barclays PLC grew its stake in shares of ONE Gas by 105.6% during the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider’s stock worth $7,859,000 after purchasing an additional 54,237 shares in the last quarter. Blue Trust Inc. boosted its stake in ONE Gas by 46.6% in the fourth quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 448 shares in the last quarter. KBC Group NV boosted its stake in ONE Gas by 41.0% in the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 645 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in ONE Gas in the fourth quarter valued at $1,333,000. Finally, Empowered Funds LLC acquired a new position in ONE Gas in the fourth quarter valued at $369,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 0.0%

Shares of NYSE OGS opened at $73.42 on Wednesday. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 3.64 and a beta of 0.82. 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 $59.74 and a 52-week high of $82.25. The business’s 50 day moving average is $75.71 and its two-hundred day moving average is $73.40.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.13. The company had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.75 earnings per share. Research analysts predict that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.65%. ONE Gas’s payout ratio is currently 64.73%.

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.