ONE Gas (NYSE:OGS) PT Lowered to $58.00

ONE Gas (NYSE:OGS) had its price target trimmed by Morgan Stanley from $61.00 to $58.00 in a report published on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Several other research analysts have also recently commented on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a neutral rating to a buy rating and set a $64.50 target price for the company in a report on Tuesday, March 5th. Mizuho boosted their target price on shares of ONE Gas from $64.00 to $65.00 and gave the company a neutral rating in a research note on Wednesday, June 5th. UBS Group began coverage on ONE Gas in a research report on Friday, April 12th. They issued a sell rating and a $61.00 target price for the company. Finally, StockNews.com lowered ONE Gas from a hold rating to a sell rating in a research report on Thursday, June 13th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of Hold and a consensus target price of $64.69.

ONE Gas Stock Up 2.7 %

OGS stock opened at $62.88 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39. The firm has a market cap of $3.56 billion, a PE ratio of 15.53, a P/E/G ratio of 3.14 and a beta of 0.65. ONE Gas has a 12 month low of $55.50 and a 12 month high of $82.06. The firm has a 50 day simple moving average of $62.53 and a 200 day simple moving average of $62.19.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $758.32 million for the quarter, compared to the consensus estimate of $1.05 billion. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The business’s revenue was down 26.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 earnings per share. Equities research analysts forecast that ONE Gas will post 3.85 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were paid a $0.66 dividend. The ex-dividend date was Friday, May 17th. This represents a $2.64 dividend on an annualized basis and a yield of 4.20%. ONE Gas’s dividend payout ratio (DPR) is currently 65.19%.

Institutional Investors Weigh In On ONE Gas

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in ONE Gas by 66.3% in the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after buying an additional 169 shares during the last quarter. Tidal Investments LLC grew its position in ONE Gas by 6.1% in the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 206 shares in the last quarter. GW Henssler & Associates Ltd. increased its stake in shares of ONE Gas by 7.4% during the 1st quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 237 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of ONE Gas by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider’s stock valued at $878,000 after purchasing an additional 300 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of ONE Gas by 290.4% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 334 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other 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.