Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $63.36

Shares of ONE Gas, Inc. (NYSE:OGS) have received an average rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $63.36.

Several brokerages have recently issued reports on OGS. Mizuho lifted their price target on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Morgan Stanley dropped their price target on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Wells Fargo & Company boosted their target price on shares of ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th.

Institutional Trading of ONE Gas

A number of hedge funds have recently modified their holdings of OGS. Fifth Third Bancorp lifted its position in shares of ONE Gas by 66.3% in the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 169 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of ONE Gas by 290.4% during the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after buying an additional 334 shares during the period. Rothschild Investment LLC purchased a new position in shares of ONE Gas during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in shares of ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of ONE Gas by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 0.7 %

NYSE:OGS opened at $70.04 on Monday. ONE Gas has a 1 year low of $55.50 and a 1 year high of $75.89. The business has a fifty day moving average of $67.14 and a 200-day moving average of $63.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 3.59 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. Equities analysts predict that ONE Gas will post 3.84 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Wednesday, August 14th. ONE Gas’s dividend payout ratio is 65.19%.

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.