ONE Gas (NYSE:OGS) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of ONE Gas (NYSE:OGS – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the utilities provider’s stock.

Other research analysts have also issued research reports about the stock. Bank of America lowered shares of ONE Gas from a buy rating to a neutral rating and cut their price target for the company from $85.00 to $79.00 in a research note on Friday, December 16th. Stifel Nicolaus lowered shares of ONE Gas from a buy rating to a hold rating and set a $80.00 price target on the stock. in a research note on Wednesday, January 11th. Morgan Stanley cut their price target on shares of ONE Gas from $72.00 to $69.00 and set an equal weight rating on the stock in a research note on Wednesday, February 22nd. Mizuho lifted their price target on shares of ONE Gas from $80.00 to $84.00 and gave the company a neutral rating in a research note on Tuesday, February 28th. Finally, Wells Fargo & Company lifted their price target on shares of ONE Gas to $82.00 in a research note on Wednesday, December 14th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $78.50.

ONE Gas Stock Down 0.2 %

ONE Gas stock opened at $78.41 on Thursday. The company’s 50 day simple moving average is $79.80 and its 200 day simple moving average is $78.35. ONE Gas has a fifty-two week low of $68.86 and a fifty-two week high of $92.26. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 3.81 and a beta of 0.68. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.02 and a quick ratio of 0.80.

ONE Gas (NYSE:OGS – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The utilities provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. ONE Gas had a net margin of 8.60% and a return on equity of 8.93%. The business had revenue of $818.21 million for the quarter, compared to analyst estimates of $670.50 million. During the same quarter last year, the firm earned $1.12 EPS. ONE Gas’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that ONE Gas will post 4.13 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, February 23rd. This is a positive change from ONE Gas’s previous quarterly dividend of $0.62. ONE Gas’s payout ratio is currently 63.57%.

Institutional Trading of ONE Gas

A number of institutional investors have recently made changes to their positions in OGS. HighTower Advisors LLC lifted its position in shares of ONE Gas by 1.8% in the first quarter. HighTower Advisors LLC now owns 11,783 shares of the utilities provider’s stock worth $1,038,000 after purchasing an additional 211 shares in the last quarter. AlphaCrest Capital Management LLC lifted its position in shares of ONE Gas by 34.8% in the first quarter. AlphaCrest Capital Management LLC now owns 4,448 shares of the utilities provider’s stock worth $392,000 after purchasing an additional 1,148 shares in the last quarter. Natixis Advisors L.P. increased its holdings in ONE Gas by 5.1% during the first quarter. Natixis Advisors L.P. now owns 14,201 shares of the utilities provider’s stock worth $1,253,000 after buying an additional 684 shares during the last quarter. Bank of Montreal Can increased its holdings in ONE Gas by 2.9% during the first quarter. Bank of Montreal Can now owns 24,354 shares of the utilities provider’s stock worth $2,157,000 after buying an additional 682 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in ONE Gas during the first quarter worth $872,000. Institutional investors own 83.34% of the company’s stock.

ONE Gas Company Profile

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ONE Gas, Inc engages in the provision of natural gas distribution services. It offers natural gas to residential, commercial, industrial, and transportation customers. The firm operates through three divisions: oklahoma natural gas, kansas gas service and texas gas service The company was founded in 1906 and is headquartered in Tulsa, OK.