ONE Gas, Inc. (NYSE:OGS) Receives $72.44 Consensus Price Target from Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $72.44.

OGS has been the subject of a number of research reports. Jefferies Financial Group reduced their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Stifel Nicolaus boosted their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a report on Monday, March 17th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley increased their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th.

Hedge Funds Weigh In On ONE Gas

A number of large investors have recently modified their holdings of the company. Coppell Advisory Solutions LLC purchased a new position in shares of ONE Gas in the 4th quarter valued at $26,000. UMB Bank n.a. increased its holdings in ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares in the last quarter. Crews Bank & Trust acquired a new stake in ONE Gas in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas in the third quarter valued at about $45,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 210 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Down 0.8 %

ONE Gas stock opened at $72.83 on Friday. The stock’s 50 day moving average price is $72.43 and its 200 day moving average price is $72.47. ONE Gas has a 1-year low of $58.31 and a 1-year high of $78.89. The company has a market cap of $4.36 billion, a PE ratio of 18.63, 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 current ratio of 0.64 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, sell-side analysts predict that ONE Gas will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas’s dividend payout ratio is presently 68.54%.

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.