ONE Gas (NYSE:OGS) Reaches New 12-Month High – Here’s What Happened

Shares of ONE Gas, Inc. (NYSE:OGS) reached a new 52-week high on Thursday . The stock traded as high as $84.50 and last traded at $83.6750, with a volume of 16127 shares traded. The stock had previously closed at $83.37.

Analysts Set New Price Targets

OGS has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. UBS Group dropped their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 5th. Mizuho raised their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley reaffirmed an “underperform” rating and set a $73.00 price target on shares of ONE Gas in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and an average price target of $85.57.

ONE Gas Stock Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. The company has a market cap of $5.16 billion, a PE ratio of 20.06, a PEG ratio of 2.71 and a beta of 0.81. The business’s 50-day moving average is $78.77 and its 200 day moving average is $78.65.

ONE Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, February 20th. This represents a $2.72 annualized dividend and a yield of 3.2%. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio (DPR) is currently 62.47%.

Institutional Trading of ONE Gas

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its holdings in shares of ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 125 shares during the last quarter. Parallel Advisors LLC raised its holdings in ONE Gas by 16.3% during the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock valued at $78,000 after buying an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in ONE Gas by 25.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after buying an additional 161 shares during the period. WINTON GROUP Ltd grew its holdings in ONE Gas by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 15,536 shares of the utilities provider’s stock worth $1,200,000 after acquiring an additional 165 shares during the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of ONE Gas by 3.3% in the third quarter. Modern Wealth Management LLC now owns 5,587 shares of the utilities provider’s stock valued at $452,000 after acquiring an additional 178 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.