ONE Gas, Inc. (NYSE:OGS) Receives $72.31 Average PT from Brokerages

ONE Gas, Inc. (NYSE:OGS) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $72.31.

Several research analysts have commented on OGS shares. Wells Fargo & Company decreased their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group cut their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research report on Friday, December 6th. Finally, Bank of America assumed coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company.

ONE Gas Trading Up 0.2 %

OGS opened at $74.82 on Monday. ONE Gas has a one year low of $58.31 and a one year high of $78.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The business has a 50 day simple moving average of $70.36 and a two-hundred day simple moving average of $71.64. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 3.64 and a beta of 0.72.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting analysts’ consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. Analysts predict that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.58%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is presently 68.54%.

Institutional Trading of ONE Gas

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after buying an additional 362 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of ONE Gas in the 4th quarter worth about $26,000. Transcendent Capital Group LLC boosted its stake in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Crews Bank & Trust bought a new position in ONE Gas in the 4th quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ONE Gas during the 3rd quarter valued at about $45,000. 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.