ONE Gas (NYSE:OGS) Reaches New 12-Month High – Time to Buy?

ONE Gas, Inc. (NYSE:OGS) shares reached a new 52-week high on Monday . The company traded as high as $76.34 and last traded at $76.21, with a volume of 26606 shares. The stock had previously closed at $75.40.

Analysts Set New Price Targets

Several brokerages have commented on OGS. Morgan Stanley upped 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 note on Wednesday, September 25th. Wells Fargo & Company decreased their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.10.

ONE Gas Stock Up 1.6 %

The firm’s 50 day moving average price is $72.99 and its two-hundred day moving average price is $67.79. The company has a market cap of $4.34 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 3.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas (NYSE:OGS) last released its quarterly 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). The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Equities research analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.45%. ONE Gas’s payout ratio is 68.75%.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky raised its position in shares of ONE Gas by 234.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after buying an additional 42,724 shares during the last quarter. Geode Capital Management LLC increased its position in ONE Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after purchasing an additional 18,477 shares during the period. M&T Bank Corp raised its stake in ONE Gas by 9.8% in the third quarter. M&T Bank Corp now owns 6,596 shares of the utilities provider’s stock worth $491,000 after buying an additional 591 shares in the last quarter. Barclays PLC lifted its stake in shares of ONE Gas by 105.6% during the 3rd 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 during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About ONE Gas

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.