ONE Gas (NYSE:OGS) Reaches New 1-Year High – Should You Buy?

ONE Gas, Inc. (NYSE:OGS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.77 and last traded at $85.79, with a volume of 428878 shares traded. The stock had previously closed at $86.04.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OGS shares. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. UBS Group lowered their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Morgan Stanley reaffirmed an “underperform” rating and set a $73.00 price objective on shares of ONE Gas in a report on Wednesday, January 21st. Bank of America lifted their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Mizuho upped their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and an average price target of $85.57.

ONE Gas Price Performance

The company’s 50-day simple moving average is $79.09 and its 200-day simple moving average is $78.92. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 2.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, February 20th. ONE Gas’s payout ratio is 62.47%.

Institutional Investors Weigh In On ONE Gas

Several hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in ONE Gas during the 4th quarter worth approximately $25,000. Triumph Capital Management boosted its holdings in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 247 shares during the last quarter. Garner Asset Management Corp acquired a new stake in ONE Gas during the 4th quarter valued at approximately $29,000. Torren Management LLC acquired a new position in shares of ONE Gas in the 4th quarter worth approximately $31,000. Finally, Quarry LP boosted its stake in shares of ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.