ONE Gas (NYSE:OGS) Rating Increased to Hold at LADENBURG THALM/SH SH

ONE Gas (NYSE:OGS) was upgraded by analysts at LADENBURG THALM/SH SH to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on OGS. Stifel Nicolaus upped their price target 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. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Jefferies Financial Group decreased their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Finally, Bank of America assumed coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. 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. Based on data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and a consensus price target of $72.31.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $74.34 on Monday. 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 fifty day moving average price of $71.94 and a 200 day moving average price of $72.32. ONE Gas has a fifty-two week low of $58.31 and a fifty-two week high of $78.89. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $973.58 million. As a group, sell-side analysts expect that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently made changes to their positions in OGS. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 645,566 shares during the period. Norges Bank purchased a new position in ONE Gas in the 4th quarter worth about $43,344,000. Bank of Montreal Can increased its stake in ONE Gas by 1,421.7% in the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider’s stock worth $33,865,000 after buying an additional 456,891 shares during the period. Deutsche Bank AG increased its stake in ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider’s stock worth $56,914,000 after buying an additional 310,460 shares during the period. Finally, Verition Fund Management LLC increased its stake in ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after buying an additional 306,974 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

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.