Brokerages Set ONE Gas, Inc. (NYSE:OGS) Price Target at $65.06

ONE Gas, Inc. (NYSE:OGS) has been given a consensus recommendation of “Reduce” by the seven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $65.06.

OGS has been the subject of a number of recent research reports. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective for the company in a report on Tuesday, March 5th. Morgan Stanley increased their target price on shares of ONE Gas from $58.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. UBS Group started coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective on the stock. Mizuho lifted their price target on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Finally, StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in ONE Gas by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after buying an additional 27,831 shares during the period. Wellington Management Group LLP grew its stake in ONE Gas by 3.5% during the fourth quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock worth $99,098,000 after buying an additional 52,740 shares during the period. Victory Capital Management Inc. grew its stake in ONE Gas by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock worth $98,682,000 after buying an additional 97,346 shares during the period. First Trust Advisors LP grew its stake in ONE Gas by 15.3% during the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after buying an additional 147,471 shares during the period. Finally, Energy Income Partners LLC grew its stake in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Down 0.9 %

Shares of NYSE:OGS opened at $60.14 on Wednesday. ONE Gas has a 1 year low of $55.50 and a 1 year high of $82.06. The business has a 50 day simple moving average of $62.54 and a two-hundred day simple moving average of $62.20. The firm has a market capitalization of $3.40 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 3.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $758.32 million for the quarter, compared to the consensus estimate of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The business’s revenue was down 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. On average, equities analysts predict that ONE Gas will post 3.85 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, May 17th. ONE Gas’s dividend payout ratio is presently 65.19%.

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.