ONE Gas, Inc. (NYSE:OGS) Given Average Rating of “Hold” by Brokerages

ONE Gas, Inc. (NYSE:OGS) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $72.44.

A number of brokerages have recently issued reports on OGS. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Jefferies Financial Group dropped their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research note on Monday, March 17th. Bank of America started 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 for the company. Finally, Morgan Stanley upped their price target on shares of ONE Gas from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th.

ONE Gas Trading Down 0.8 %

OGS opened at $72.83 on Friday. The firm has a market capitalization of $4.36 billion, a P/E ratio of 18.63, a P/E/G ratio of 3.64 and a beta of 0.66. The firm’s 50 day moving average is $72.43 and its 200-day moving average is $72.47. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. ONE Gas has a 52-week low of $58.31 and a 52-week high of $78.89.

ONE Gas (NYSE:OGS) last released its quarterly 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. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. Analysts expect that ONE Gas will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s payout ratio is currently 68.54%.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. Vanguard Group Inc. boosted its position in ONE Gas by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock valued at $434,253,000 after purchasing an additional 41,933 shares during the period. Wellington Management Group LLP boosted its holdings in shares of ONE Gas by 22.9% during 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 acquiring an additional 645,566 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of ONE Gas by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider’s stock worth $147,152,000 after acquiring an additional 25,145 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after acquiring an additional 18,477 shares during the period. Finally, Boston Trust Walden Corp lifted its position in ONE Gas by 0.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock valued at $73,302,000 after purchasing an additional 9,302 shares during the last quarter. 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.