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

ONE Gas, Inc. (NYSE:OGS) has been given an average rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $72.69.

OGS has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Bank of America initiated coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Morgan Stanley raised their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, LADENBURG THALM/SH SH downgraded 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.

Institutional Investors Weigh In On ONE Gas

Several hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in ONE Gas by 3.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 24,491 shares of the utilities provider’s stock valued at $1,696,000 after buying an additional 836 shares during the period. Range Financial Group LLC bought a new position in shares of ONE Gas in the 4th quarter worth about $1,373,000. Diversified Trust Co lifted its position in ONE Gas by 4.6% during the 4th quarter. Diversified Trust Co now owns 10,431 shares of the utilities provider’s stock valued at $722,000 after acquiring an additional 461 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in ONE Gas in the third quarter worth about $3,135,000. Finally, Franklin Resources Inc. increased its stake in shares of ONE Gas by 4.6% during the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock valued at $50,785,000 after purchasing an additional 31,045 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $67.92 on Friday. The company’s fifty day moving average is $72.35 and its 200 day moving average is $70.54. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The stock has a market cap of $3.85 billion, a PE ratio of 17.69 and a beta of 0.71.

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 analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the firm posted $0.45 EPS. The company’s revenue was up 1.4% on a year-over-year basis. Research analysts anticipate that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.89%. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

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.