ONE Gas, Inc. (NYSE:OGS) Receives $68.10 Consensus PT from Brokerages

ONE Gas, Inc. (NYSE:OGS) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $68.10.

A number of brokerages have recently issued reports on OGS. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th.

ONE Gas Stock Up 1.6 %

OGS opened at $76.58 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 3.89 and a beta of 0.67. ONE Gas has a 12 month low of $55.50 and a 12 month high of $76.78. The business has a 50-day moving average of $72.99 and a two-hundred day moving average of $67.79.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

Institutional Trading of ONE Gas

A number of hedge funds have recently modified their holdings of OGS. Transcendent Capital Group LLC grew its holdings in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of ONE Gas in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 210 shares in the last quarter. 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.