ONE Gas, Inc. (NYSE:OGS) Receives Average Rating of “Hold” from Brokerages

ONE Gas, Inc. (NYSE:OGSGet Free Report) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $72.31.

OGS has been the subject of a number of research analyst reports. Stifel Nicolaus lifted 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, December 6th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Bank of America assumed coverage on ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company decreased their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th.

Get Our Latest Report on OGS

ONE Gas Trading Up 1.1 %

Shares of OGS opened at $73.08 on Monday. The stock has a market capitalization of $4.14 billion, a PE ratio of 18.69, a P/E/G ratio of 3.64 and a beta of 0.72. The company’s fifty day moving average is $70.19 and its 200 day moving average is $71.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89.

ONE Gas (NYSE:OGSGet Free Report) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The company had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. Sell-side analysts expect that ONE Gas will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s payout ratio is 67.52%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of ONE Gas by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock valued at $434,253,000 after purchasing an additional 41,933 shares during the last quarter. Wellington Management Group LLP increased its position in ONE Gas by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after buying an additional 645,566 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in ONE Gas by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider’s stock valued at $147,152,000 after buying an additional 25,145 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ONE Gas by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after acquiring an additional 18,477 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of ONE Gas by 0.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock worth $73,302,000 after acquiring an additional 9,302 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for ONE Gas (NYSE:OGS)

Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.