Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $76.44

ONE Gas, Inc. (NYSE:OGS) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $76.44.

A number of equities research analysts have recently weighed in on OGS shares. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a report on Monday, March 17th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th. Morgan Stanley set a $74.00 target price on ONE Gas and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Jefferies Financial Group raised ONE Gas from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, Guggenheim lifted their target price on ONE Gas from $69.00 to $73.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th.

ONE Gas Trading Down 3.4%

Shares of ONE Gas stock opened at $74.46 on Friday. The business has a fifty day simple moving average of $75.62 and a two-hundred day simple moving average of $73.34. ONE Gas has a 1 year low of $58.31 and a 1 year high of $82.25. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 3.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.13. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 23.3% on a year-over-year basis. Research analysts forecast that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas’s payout ratio is currently 64.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OGS. UMB Bank n.a. grew its position in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 362 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of ONE Gas during the fourth quarter worth about $26,000. Crews Bank & Trust bought a new stake in shares of ONE Gas during the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of ONE Gas during the third quarter worth about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ONE Gas during the fourth quarter worth about $50,000. 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.