ONE Gas (NYSE:OGS) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of ONE Gas (NYSE:OGS) in a research note released on Monday, Marketbeat.com reports. The firm issued a hold rating and a $79.00 price objective on the utilities provider’s stock.

OGS has been the subject of several other reports. 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 report on Wednesday, September 25th. Wells Fargo & Company reduced their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday. Finally, LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.07.

ONE Gas Price Performance

NYSE:OGS opened at $72.33 on Monday. The company has a market cap of $4.10 billion, a P/E ratio of 18.84 and a beta of 0.70. The firm’s fifty day moving average price is $74.05 and its two-hundred day moving average price is $69.16. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

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

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.65%. ONE Gas’s dividend payout ratio is 68.75%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC increased its stake in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC acquired a new stake in ONE Gas in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC raised its stake in ONE Gas by 75.2% during 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, Wilmington Savings Fund Society FSB bought a new position in shares of ONE Gas in the third quarter worth about $45,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.