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

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $72.44.

A number of equities research analysts have issued reports on OGS shares. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley lifted their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research report on Monday, March 17th.

Institutional Trading of ONE Gas

Several institutional investors and hedge funds have recently bought and sold shares of OGS. Vanguard Group Inc. increased its stake in ONE Gas by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock valued at $434,253,000 after purchasing an additional 41,933 shares during the period. Wellington Management Group LLP grew its holdings in shares of ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock worth $258,283,000 after buying an additional 645,566 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in ONE Gas by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock valued at $147,152,000 after acquiring an additional 25,145 shares during the period. Geode Capital Management LLC raised its stake in ONE Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider's stock valued at $100,836,000 after acquiring an additional 18,477 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider's stock valued at $73,302,000 after acquiring an additional 9,302 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

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ONE Gas Stock Up 0.5 %

Shares of NYSE OGS traded up $0.35 during midday trading on Friday, hitting $73.43. The company's stock had a trading volume of 372,910 shares, compared to its average volume of 375,269. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The business's fifty day simple moving average is $72.29 and its two-hundred day simple moving average is $72.42. ONE Gas has a 1 year low of $58.31 and a 1 year high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. On average, equities analysts predict that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.67 per share. The ex-dividend date of this dividend 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 dividend yield of 3.65%. ONE Gas's dividend payout ratio (DPR) is 68.54%.

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.