ONE Gas (NYSE:OGS) Sets New 12-Month High – Should You Buy?

ONE Gas, Inc. (NYSE:OGS)’s share price hit a new 52-week high on Monday . The company traded as high as $78.46 and last traded at $78.46, with a volume of 528 shares. The stock had previously closed at $77.87.

Analyst Ratings Changes

OGS has been the subject of several recent research reports. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their target price 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, Morgan Stanley increased their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $68.10.

ONE Gas Price Performance

The stock has a 50-day moving average of $73.76 and a two-hundred day moving average of $68.40. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 20.05 and a beta of 0.67. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.43%. ONE Gas’s payout ratio is currently 68.75%.

Hedge Funds Weigh In On ONE Gas

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in ONE Gas by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after purchasing an additional 645,566 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock valued at $29,980,000 after buying an additional 306,974 shares in the last quarter. American Century Companies Inc. increased its holdings in ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after buying an additional 272,923 shares during the last quarter. International Assets Investment Management LLC increased its holdings in ONE Gas by 9,036.9% in the third quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after buying an additional 200,168 shares during the last quarter. Finally, Earnest Partners LLC bought a new position in ONE Gas during the second quarter valued at approximately $12,594,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.