Brokerages Set ONE Gas, Inc. (NYSE:OGS) PT at $80.80

Shares of ONE Gas, Inc. (NYSE:OGSGet Rating) have been given an average rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $80.80.

OGS has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of ONE Gas in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company cut their price objective on shares of ONE Gas from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 19th. Mizuho dropped their price target on shares of ONE Gas from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, November 10th. Morgan Stanley boosted their price target on shares of ONE Gas from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, November 11th. Finally, Guggenheim dropped their price target on shares of ONE Gas from $86.00 to $70.00 in a research report on Monday, October 24th.

Insiders Place Their Bets

In other ONE Gas news, Director Eduardo A. Rodriguez sold 800 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $76.58, for a total transaction of $61,264.00. Following the sale, the director now owns 10,019 shares in the company, valued at approximately $767,255.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.38% of the company’s stock.

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Yousif Capital Management LLC raised its holdings in ONE Gas by 3.2% during the 2nd quarter. Yousif Capital Management LLC now owns 30,184 shares of the utilities provider’s stock worth $2,451,000 after buying an additional 940 shares during the period. New York State Common Retirement Fund grew its stake in ONE Gas by 26.7% during the 1st quarter. New York State Common Retirement Fund now owns 48,183 shares of the utilities provider’s stock valued at $4,252,000 after acquiring an additional 10,151 shares in the last quarter. WINTON GROUP Ltd grew its stake in ONE Gas by 57.6% during the 1st quarter. WINTON GROUP Ltd now owns 9,426 shares of the utilities provider’s stock valued at $832,000 after acquiring an additional 3,444 shares in the last quarter. Bank of New York Mellon Corp grew its stake in ONE Gas by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 868,003 shares of the utilities provider’s stock valued at $76,591,000 after acquiring an additional 10,129 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in ONE Gas by 11.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,360,580 shares of the utilities provider’s stock valued at $120,012,000 after acquiring an additional 140,451 shares in the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE OGS opened at $87.54 on Tuesday. ONE Gas has a fifty-two week low of $64.37 and a fifty-two week high of $92.26. The firm’s 50-day simple moving average is $77.17 and its 200 day simple moving average is $80.59. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The stock has a market cap of $4.74 billion, a P/E ratio of 21.99, a P/E/G ratio of 4.29 and a beta of 0.60.

ONE Gas (NYSE:OGSGet Rating) last issued its quarterly earnings data on Monday, October 31st. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. ONE Gas had a net margin of 9.14% and a return on equity of 8.88%. The business had revenue of $359.36 million for the quarter, compared to analysts’ expectations of $280.05 million. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue was up 31.2% on a year-over-year basis. Equities analysts expect that ONE Gas will post 4.07 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.83%. The ex-dividend date is Monday, November 14th. ONE Gas’s dividend payout ratio (DPR) is presently 62.31%.

ONE Gas Company Profile

(Get Rating)

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states.

Further Reading

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