ONE Gas, Inc. (NYSE:OGS) Given Consensus Rating of “Hold” by Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have been given a consensus rating of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $68.10.

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

ONE Gas Stock Performance

Shares of OGS stock opened at $75.36 on Friday. The stock has a fifty day moving average price of $72.85 and a 200 day moving average price of $67.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The stock has a market cap of $4.27 billion, a PE ratio of 19.63, a P/E/G ratio of 3.87 and a beta of 0.67. ONE Gas has a 1 year low of $55.50 and a 1 year high of $76.34.

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

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.50%. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

Institutional Investors Weigh In On ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. Wellington Management Group LLP increased its stake in shares of 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 acquiring an additional 645,566 shares during the last quarter. Energy Income Partners LLC increased its position in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after purchasing an additional 366,363 shares during the last quarter. Verition Fund Management LLC raised its stake in ONE Gas by 320.2% during the third quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after purchasing an additional 306,974 shares during the period. American Century Companies Inc. boosted its holdings in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of ONE Gas during the 1st quarter valued at $16,939,000. Hedge funds and other 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.