ONE Gas, Inc. (NYSE:OGS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $81.79 and last traded at $80.55, with a volume of 144542 shares trading hands. The stock had previously closed at $78.25.
The utilities provider reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. The firm had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS.
ONE Gas Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.33%. ONE Gas's payout ratio is presently 68.54%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research note on Monday, March 17th. Morgan Stanley set a $74.00 price objective on ONE Gas and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $75.79.
Check Out Our Latest Report on ONE Gas
Hedge Funds Weigh In On ONE Gas
A number of large investors have recently added to or reduced their stakes in OGS. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of ONE Gas in the first quarter valued at about $8,278,000. Allianz Asset Management GmbH lifted its position in ONE Gas by 512.6% during the 1st quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after buying an additional 157,375 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in ONE Gas by 2.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 62,215 shares of the utilities provider's stock valued at $4,703,000 after acquiring an additional 1,639 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of ONE Gas in the 1st quarter valued at about $226,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of ONE Gas during the 1st quarter worth about $4,598,000. Institutional investors own 88.71% of the company's stock.
ONE Gas Stock Performance
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 company has a market capitalization of $4.83 billion, a P/E ratio of 20.60, a PEG ratio of 3.64 and a beta of 0.86. The stock's fifty day moving average price is $75.23 and its 200-day moving average price is $73.16.
ONE Gas Company Profile
(
Get Free Report)
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.
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