ONE Gas (NYSE:OGS) Upgraded at StockNews.com

StockNews.com upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a report issued on Wednesday morning.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group began coverage on ONE Gas in a report on Monday, December 9th. They issued a “hold” rating and a $79.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and a consensus price target of $72.69.

ONE Gas Stock Up 1.0 %

Shares of NYSE:OGS opened at $69.02 on Wednesday. The firm has a market cap of $3.91 billion, a P/E ratio of 17.97 and a beta of 0.70. The business has a fifty day simple moving average of $72.75 and a 200 day simple moving average of $70.21. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. Analysts predict that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s payout ratio is 68.75%.

Institutional Investors Weigh In On ONE Gas

Institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC raised its holdings in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of ONE Gas during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares in the last quarter. GAMMA Investing LLC grew its stake in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in ONE Gas during the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.