ONE Gas (NYSE:OGS) Price Target Raised to $74.00

ONE Gas (NYSE:OGS) had its price target increased by Stifel Nicolaus from $73.00 to $74.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the utilities provider’s stock.

Several other equities research analysts have also commented on the company. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday. Wells Fargo & Company cut their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.92.

ONE Gas Stock Down 1.9 %

Shares of OGS opened at $72.62 on Friday. The company has a market capitalization of $4.11 billion, a PE ratio of 18.91 and a beta of 0.70. The stock’s 50-day moving average price is $74.09 and its two-hundred day moving average price is $69.08. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s payout ratio is presently 68.75%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its position in ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock worth $258,283,000 after purchasing an additional 645,566 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after buying an additional 306,974 shares during the last quarter. American Century Companies Inc. lifted its holdings in ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after acquiring an additional 272,923 shares during the period. International Assets Investment Management LLC boosted its position in ONE Gas by 9,036.9% in the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after purchasing an additional 200,168 shares during the last quarter. Finally, Earnest Partners LLC purchased a new stake in shares of ONE Gas during the 2nd quarter valued at $12,594,000. 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.