ONE Gas (NYSE:OGS) Hits New 12-Month High at $74.79

ONE Gas, Inc. (NYSE:OGS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $74.79 and last traded at $74.64, with a volume of 20077 shares trading hands. The stock had previously closed at $74.29.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OGS shares. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Wells Fargo & Company upgraded shares of ONE Gas from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. Mizuho raised their price target on shares of ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley decreased their price objective on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.64.

ONE Gas Stock Up 0.1 %

The stock has a fifty day moving average of $69.24 and a 200-day moving average of $65.07. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.84 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The business had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. During the same quarter last year, the firm earned $0.58 earnings per share. ONE Gas’s revenue was down 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that ONE Gas, Inc. will post 3.84 EPS for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.66 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a yield of 3.55%. ONE Gas’s payout ratio is presently 65.19%.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC increased its position in ONE Gas by 21.7% during the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares during the period. Tidal Investments LLC grew its holdings in shares of ONE Gas by 6.1% during the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in ONE Gas by 0.9% in the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares during the period. GW Henssler & Associates Ltd. lifted its holdings in shares of ONE Gas by 7.4% during the 1st quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 237 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in ONE Gas by 1.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider’s stock valued at $971,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds 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.