ONE Gas (NYSE:OGS) Upgraded by LADENBURG THALM/SH SH to Hold Rating

LADENBURG THALM/SH SH upgraded shares of ONE Gas (NYSE:OGS - Free Report) to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Jefferies Financial Group lowered 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 increased their target price 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. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price target on the stock. Finally, StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, ONE Gas currently has a consensus rating of "Hold" and an average target price of $72.44.

ONE Gas Trading Down 1.4 %

NYSE:OGS traded down $1.04 during mid-day trading on Monday, hitting $73.11. 629,249 shares of the company's stock were exchanged, compared to its average volume of 375,278. The company has a 50 day simple moving average of $72.29 and a 200-day simple moving average of $72.40. ONE Gas has a fifty-two week low of $58.31 and a fifty-two week high of $78.89. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $4.38 billion, a P/E ratio of 18.70, a PEG ratio of 3.64 and a beta of 0.66.

Remove Ads

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. As a group, research analysts expect that ONE Gas will post 4.26 earnings per share 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. This represents a $2.68 annualized dividend and a dividend yield of 3.67%. 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. ONE Gas's dividend payout ratio (DPR) is 68.54%.

Institutional Trading of ONE Gas

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in ONE Gas by 11.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,887 shares of the utilities provider's stock worth $269,000 after buying an additional 394 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ONE Gas by 7.3% in the 4th 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 during the last quarter. Voloridge Investment Management LLC acquired a new position in ONE Gas during the 4th quarter worth approximately $1,301,000. Squarepoint Ops LLC raised its stake in ONE Gas by 12.0% in the 4th quarter. Squarepoint Ops LLC now owns 23,842 shares of the utilities provider's stock valued at $1,651,000 after acquiring an additional 2,557 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in ONE Gas in the fourth quarter valued at about $215,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.