Brokerages Set ONE Gas, Inc. (NYSE:OGS) PT at $76.44

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $76.44.

OGS has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday. Guggenheim lifted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. StockNews.com cut shares of ONE Gas from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and increased their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Finally, Morgan Stanley set a $74.00 price target on shares of ONE Gas and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd.

ONE Gas Trading Down 1.9%

Shares of NYSE:OGS traded down $1.42 during trading on Friday, hitting $73.18. 1,027,667 shares of the company's stock were exchanged, compared to its average volume of 438,710. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.39 billion, a P/E ratio of 18.72, a PEG ratio of 3.64 and a beta of 0.86. The firm has a 50-day moving average price of $75.62 and a two-hundred day moving average price of $73.34. 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 released its earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. The firm had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The business's quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. Equities analysts predict that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.66%. ONE Gas's payout ratio is 64.73%.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Coppell Advisory Solutions LLC acquired a new position in shares of ONE Gas during the fourth quarter worth about $26,000. UMB Bank n.a. lifted its stake in ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 362 shares in the last quarter. Crews Bank & Trust acquired a new position in ONE Gas during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new position in shares of ONE Gas during the 3rd quarter worth approximately $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ONE Gas in the fourth quarter valued at approximately $50,000. 88.71% of the stock is owned by institutional investors and hedge funds.

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.