ONE Gas (NYSE:OGS) PT Lowered to $90.00 at Mizuho

ONE Gas (NYSE:OGS – Get Rating) had its target price reduced by Mizuho from $92.00 to $90.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have a neutral rating on the utilities provider’s stock.

Several other research analysts also recently commented on OGS. Morgan Stanley lifted their target price on ONE Gas from $76.00 to $82.00 and gave the stock an equal weight rating in a report on Thursday, July 21st. StockNews.com downgraded ONE Gas from a hold rating to a sell rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $85.00.

ONE Gas Stock Down 0.4 %

Shares of OGS opened at $80.57 on Wednesday. The company has a market capitalization of $4.36 billion, a PE ratio of 20.55, a PEG ratio of 3.99 and a beta of 0.53. ONE Gas has a 12 month low of $62.52 and a 12 month high of $92.26. The stock’s 50-day moving average price is $81.96 and its two-hundred day moving average price is $83.13. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 0.93.

ONE Gas (NYSE:OGS – Get Rating) last announced its earnings results on Monday, August 1st. The utilities provider reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $428.98 million for the quarter, compared to the consensus estimate of $328.48 million. ONE Gas had a return on equity of 8.85% and a net margin of 9.34%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. On average, analysts anticipate that ONE Gas will post 4.05 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, August 12th. ONE Gas’s dividend payout ratio (DPR) is currently 63.27%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in ONE Gas by 27.3% during the 1st quarter. CWM LLC now owns 1,199 shares of the utilities provider’s stock worth $106,000 after buying an additional 257 shares during the period. Victory Capital Management Inc. raised its stake in ONE Gas by 11.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,360,580 shares of the utilities provider’s stock worth $120,012,000 after buying an additional 140,451 shares during the period. Foundry Partners LLC acquired a new position in ONE Gas during the 1st quarter worth approximately $481,000. Advisor Partners LLC acquired a new position in ONE Gas during the 4th quarter worth approximately $207,000. Finally, Yousif Capital Management LLC bought a new stake in ONE Gas during the 4th quarter worth approximately $2,145,000. 81.64% of the stock is owned by institutional investors and hedge funds.

About ONE Gas

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ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states.