ONE Gas (NYSE:OGS) Price Target Cut to $69.00 by Analysts at Morgan Stanley

ONE Gas (NYSE:OGS - Free Report) had its price target reduced by Morgan Stanley from $74.00 to $69.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the utilities provider's stock.

A number of other brokerages have also recently issued reports on OGS. Guggenheim boosted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Wells Fargo & Company upped their price target on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and upped their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $75.81.

ONE Gas Trading Up 0.6%

Shares of NYSE:OGS traded up $0.42 during trading on Thursday, hitting $74.88. 154,934 shares of the company's stock were exchanged, compared to its average volume of 518,550. The firm has a market cap of $4.49 billion, a P/E ratio of 19.15, a PEG ratio of 3.64 and a beta of 0.86. The firm has a 50-day moving average price of $75.72 and a two-hundred day moving average price of $73.49. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. ONE Gas has a 1-year low of $58.31 and a 1-year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. The firm had revenue of $935.19 million during the quarter, compared to analysts' expectations of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business's revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.75 earnings per share. Equities analysts predict that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas's dividend payout ratio is presently 64.73%.

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 362 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in ONE Gas during the 4th quarter worth approximately $26,000. Crews Bank & Trust acquired a new stake in ONE Gas during the 4th quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ONE Gas during the 4th quarter worth approximately $50,000. Finally, Sound Income Strategies LLC bought a new position in ONE Gas during the 4th quarter worth approximately $51,000. 88.71% of the stock is owned by institutional investors.

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.