ONE Gas (NYSE:OGS) Upgraded at StockNews.com

StockNews.com upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. 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 research report on Friday, December 6th. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research report on Friday, December 6th. Finally, Bank of America assumed coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $72.31.

ONE Gas Price Performance

OGS stock opened at $74.10 on Wednesday. The company’s fifty day moving average price is $71.67 and its 200-day moving average price is $72.19. ONE Gas has a one year low of $58.31 and a one year high of $78.89. The company has a market capitalization of $4.44 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. 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 (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. On average, equities analysts anticipate that ONE Gas will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.67 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 3.62%. ONE Gas’s dividend payout ratio is 68.54%.

Institutional Trading of ONE Gas

Several hedge funds have recently modified their holdings of OGS. Oddo BHF Asset Management Sas acquired a new position in shares of ONE Gas during the third quarter valued at about $3,135,000. Pathstone Holdings LLC increased its holdings in shares of ONE Gas by 113.5% during the third quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 12,060 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of ONE Gas during the fourth quarter valued at about $203,000. Teachers Retirement System of The State of Kentucky increased its holdings in ONE Gas by 234.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock worth $4,539,000 after buying an additional 42,724 shares during the period. Finally, KBC Group NV increased its holdings in ONE Gas by 41.0% in the 4th quarter. KBC Group NV now owns 2,218 shares of the utilities provider’s stock worth $154,000 after buying an additional 645 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

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.