Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $77.64.
Several analysts recently commented on OGS shares. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Guggenheim boosted their target price on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $84.00 in a research report on Monday, April 7th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th.
Read Our Latest Stock Report on OGS
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC grew its holdings in shares of ONE Gas by 9.8% during the 4th quarter. Sanctuary Advisors LLC now owns 5,952 shares of the utilities provider's stock worth $420,000 after purchasing an additional 531 shares during the period. Atria Wealth Solutions Inc. purchased a new position in ONE Gas during the fourth quarter worth about $203,000. Oppenheimer Asset Management Inc. increased its position in shares of ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock valued at $1,497,000 after acquiring an additional 187 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of ONE Gas by 69.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,884 shares of the utilities provider's stock valued at $269,000 after acquiring an additional 1,587 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ONE Gas by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,238 shares of the utilities provider's stock worth $54,239,000 after acquiring an additional 24,860 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.
ONE Gas Stock Performance
Shares of NYSE OGS traded down $0.20 during mid-day trading on Friday, hitting $72.55. The stock had a trading volume of 140,690 shares, compared to its average volume of 473,742. The firm has a market cap of $4.35 billion, a PE ratio of 17.53, a PEG ratio of 3.01 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.59. The company has a 50 day moving average of $74.88 and a two-hundred day moving average of $73.16. ONE Gas has a twelve month low of $61.54 and a twelve month high of $82.25.
ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same period in the prior year, the company earned $1.75 earnings per share. The company's revenue was up 23.3% on a year-over-year basis. Research analysts predict that ONE Gas will post 4.26 EPS for the current fiscal year.
ONE Gas Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's dividend payout ratio is currently 64.73%.
About ONE Gas
(
Get Free ReportONE 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.
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