ONE Gas (NYSE:OGS) Price Target Cut to $81.00 by Analysts at Wells Fargo & Company

ONE Gas (NYSE:OGS) had its target price lowered by Wells Fargo & Company from $82.00 to $81.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other analysts have also weighed in on OGS. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $68.10.

ONE Gas Stock Down 1.5 %

NYSE:OGS traded down $1.14 during mid-day trading on Wednesday, hitting $73.20. 80,916 shares of the company’s stock traded hands, compared to its average volume of 406,279. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The company has a market capitalization of $4.15 billion, a P/E ratio of 19.36, a P/E/G ratio of 3.62 and a beta of 0.67. The company has a fifty day moving average of $72.24 and a 200 day moving average of $67.29. ONE Gas has a twelve month low of $55.50 and a twelve month high of $75.37.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $287.48 million. During the same period in the previous year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts forecast that ONE Gas will post 3.86 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

Institutional Trading of ONE Gas

Several institutional investors have recently made changes to their positions in OGS. BNP Paribas Financial Markets raised its stake in shares of ONE Gas by 127.8% in the 1st quarter. BNP Paribas Financial Markets now owns 86,764 shares of the utilities provider’s stock valued at $5,599,000 after acquiring an additional 48,671 shares during the period. Janney Montgomery Scott LLC acquired a new position in ONE Gas during the first quarter worth $575,000. Quantbot Technologies LP boosted its position in shares of ONE Gas by 399.7% during the first quarter. Quantbot Technologies LP now owns 17,633 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 14,104 shares during the period. ProShare Advisors LLC grew its stake in shares of ONE Gas by 5.3% in the first quarter. ProShare Advisors LLC now owns 630,069 shares of the utilities provider’s stock valued at $40,658,000 after buying an additional 31,665 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of ONE Gas by 52.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 27,610 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 9,456 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.