StockNews.com cut shares of ONE Gas (NYSE:OGS - Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group reduced their price target on ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, December 6th. LADENBURG THALM/SH SH lowered ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Finally, Bank of America began coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a "buy" rating and a $77.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $72.31.
Check Out Our Latest Analysis on ONE Gas
ONE Gas Trading Up 2.7 %
OGS traded up $1.94 during trading on Tuesday, reaching $74.59. The company had a trading volume of 539,738 shares, compared to its average volume of 377,679. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The business has a 50 day simple moving average of $71.23 and a 200-day simple moving average of $71.99. The stock has a market cap of $4.47 billion, a P/E ratio of 19.08, a PEG ratio of 3.64 and a beta of 0.66. ONE Gas has a 52 week low of $58.31 and a 52 week high of $78.89.
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 the consensus estimate of $1.34. The firm had revenue of $630.70 million during 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, equities analysts anticipate 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. Investors of record on Friday, February 21st were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, February 21st. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. ONE Gas's payout ratio is 68.54%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Oddo BHF Asset Management Sas acquired a new stake in ONE Gas in the third quarter worth about $3,135,000. Pathstone Holdings LLC boosted its stake in ONE Gas by 113.5% in the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider's stock worth $1,688,000 after purchasing an additional 12,060 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in ONE Gas by 234.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider's stock worth $4,539,000 after purchasing an additional 42,724 shares during the last quarter. KBC Group NV raised its holdings in shares of ONE Gas by 41.0% in the fourth quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock worth $154,000 after buying an additional 645 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 worth $56,438,000 after buying an additional 18,889 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
About ONE Gas
(
Get Free Report)
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.
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