ONE Gas, Inc. (NYSE:OGS - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.00 and last traded at $75.09, with a volume of 295 shares changing hands. The stock had previously closed at $74.68.
Wall Street Analysts Forecast Growth
A number of analysts have commented on OGS shares. Jefferies Financial Group reduced their price objective on ONE Gas from $79.00 to $76.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Bank of America started coverage on ONE Gas in a research report on Friday, December 13th. They issued a "buy" rating and a $77.00 price objective for the company. Wells Fargo & Company reduced their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $72.31.
Check Out Our Latest Research Report on OGS
ONE Gas Price Performance
The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The firm has a market cap of $4.49 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.64 and a beta of 0.72. The company has a 50-day moving average of $70.64 and a 200 day moving average of $71.68.
ONE Gas (NYSE:OGS - Get Free Report) last posted its 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 return on equity of 7.70% and a net margin of 10.70%. On average, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.
ONE Gas Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.57%. This is a boost from ONE Gas's previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas's dividend payout ratio (DPR) is currently 68.54%.
Institutional Investors Weigh In On ONE Gas
A number of hedge funds and other institutional investors have recently bought and sold shares of OGS. UMB Bank n.a. increased its holdings in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in ONE Gas during the 4th quarter valued at $26,000. Transcendent Capital Group LLC increased its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. Crews Bank & Trust acquired a new stake in ONE Gas during the 4th quarter valued at $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in ONE Gas during the 3rd quarter valued at $45,000. 88.71% of the stock is owned by institutional investors and hedge funds.
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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