ONE Gas, Inc. (NYSE:OGS) Receives $75.81 Consensus Price Target from Analysts

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $77.36.

A number of research analysts have recently issued reports on OGS shares. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Guggenheim raised their target price on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley decreased their target price on ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Finally, Wells Fargo & Company raised their price target on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th.

ONE Gas Stock Down 0.2%

Shares of OGS stock traded down $0.17 during mid-day trading on Wednesday, reaching $73.32. 491,154 shares of the company were exchanged, compared to its average volume of 542,708. 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 business's 50 day simple moving average is $75.82 and its 200 day simple moving average is $73.49. The company has a market capitalization of $4.39 billion, a P/E ratio of 18.75, a P/E/G ratio of 3.64 and a beta of 0.86. ONE Gas has a fifty-two week low of $59.74 and a fifty-two week 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 (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.13. The firm had revenue of $935.19 million for the quarter, compared to analysts' expectations of $882.31 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. ONE Gas's revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Research analysts predict that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio is currently 64.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in ONE Gas by 105.6% during the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after buying an additional 54,237 shares in the last quarter. Blue Trust Inc. lifted its position in shares of ONE Gas by 46.6% during the 4th quarter. Blue Trust Inc. now owns 1,410 shares of the utilities provider's stock valued at $105,000 after acquiring an additional 448 shares during the last quarter. KBC Group NV lifted its position in shares of ONE Gas by 41.0% during the 4th quarter. KBC Group NV now owns 2,218 shares of the utilities provider's stock valued at $154,000 after acquiring an additional 645 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of ONE Gas during the 4th quarter worth $1,333,000. Finally, Empowered Funds LLC bought a new stake in shares of ONE Gas during the 4th quarter worth $369,000. 88.71% of the stock is currently owned by institutional investors.

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.