ONE Gas, Inc. (NYSE:OGS) Given Consensus Rating of “Hold” by Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $72.44.

A number of analysts have commented on OGS shares. Bank of America started coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research report on Monday. Jefferies Financial Group reduced their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus upped their price target on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th.

Institutional Trading of ONE Gas

Several institutional investors have recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in ONE Gas by 0.9% during the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 152 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in ONE Gas by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider’s stock valued at $4,225,000 after buying an additional 154 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock valued at $1,497,000 after buying an additional 187 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in ONE Gas by 42.0% during the third 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 during the last quarter. Finally, LPL Financial LLC boosted its stake in ONE Gas by 0.8% during the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock valued at $1,994,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

OGS opened at $74.12 on Friday. The company’s 50 day moving average is $72.18 and its 200 day moving average is $72.35. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.64 and a beta of 0.66. ONE Gas has a 12-month low of $58.31 and a 12-month high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting the consensus estimate of $1.34. The business had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, equities research 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 was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.62%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s dividend payout ratio (DPR) is currently 68.54%.

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.