ONE Gas, Inc. (NYSE:OGS) Receives Average Rating of "Hold" from Analysts

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been assigned a consensus rating 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 assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $72.31.

A number of equities research analysts recently issued reports on OGS shares. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. LADENBURG THALM/SH SH lowered 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. Jefferies Financial Group reduced their target price on shares of ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus lifted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Finally, Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a "buy" rating and a $77.00 price objective for the company.

ONE Gas Stock Down 0.8 %

OGS traded down $0.61 during trading on Monday, reaching $74.18. The company had a trading volume of 847,749 shares, compared to its average volume of 449,820. The company has a market cap of $4.44 billion, a P/E ratio of 18.97, a PEG ratio of 3.64 and a beta of 0.72. ONE Gas has a 12 month low of $58.31 and a 12 month high of $78.89. 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 business's fifty day moving average price is $70.51 and its 200 day moving average price is $71.66.

ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm had revenue of $630.70 million during the quarter, compared to analysts' expectations of $973.58 million. Equities analysts anticipate that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.67 dividend. This is an increase from ONE Gas's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, February 21st. ONE Gas's payout ratio is currently 68.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ONE Gas by 7.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,951 shares of the utilities provider's stock valued at $12,808,000 after acquiring an additional 12,593 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $1,301,000. Squarepoint Ops LLC increased its holdings in shares of ONE Gas by 12.0% during the fourth quarter. Squarepoint Ops LLC now owns 23,842 shares of the utilities provider's stock worth $1,651,000 after purchasing an additional 2,557 shares during the period. Twinbeech Capital LP acquired a new stake in shares of ONE Gas in the fourth quarter valued at approximately $215,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ONE Gas in the fourth quarter valued at approximately $50,000. 88.71% of the stock is owned by institutional investors and hedge funds.

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.