Brokerages Set ONE Gas, Inc. (NYSE:OGS) Price Target at $72.07

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $72.07.

A number of research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. LADENBURG THALM/SH SH lowered ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price objective on the stock. in a report on Friday, December 6th. Finally, Jefferies Financial Group began coverage on ONE Gas in a report on Monday. They issued a "hold" rating and a $79.00 price objective on the stock.

Institutional Investors Weigh In On ONE Gas

Institutional investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its holdings in 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 during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ONE Gas by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider's stock valued at $56,438,000 after purchasing an additional 18,889 shares during the last quarter. Kestra Investment Management LLC bought a new position in ONE Gas in the third quarter valued at approximately $869,000. Citigroup Inc. boosted its position in shares of ONE Gas by 164.0% during the third quarter. Citigroup Inc. now owns 60,170 shares of the utilities provider's stock worth $4,478,000 after purchasing an additional 37,377 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of ONE Gas by 19.2% during the second quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider's stock worth $20,037,000 after acquiring an additional 50,515 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Trading Down 0.7 %

NYSE OGS traded down $0.53 during trading hours on Wednesday, reaching $71.16. The company's stock had a trading volume of 426,658 shares, compared to its average volume of 407,213. The stock has a market cap of $4.03 billion, a P/E ratio of 18.67 and a beta of 0.70. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a fifty day simple moving average of $74.01 and a 200-day simple moving average of $69.24.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that ONE Gas will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.71%. ONE Gas's dividend payout ratio is currently 68.75%.

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.