Brokerages Set ONE Gas, Inc. (NYSE:OGS) PT at $72.31

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $72.31.

A number of analysts have recently weighed in on OGS shares. Jefferies Financial Group lowered their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Stifel Nicolaus raised their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company dropped their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of ONE Gas in the 4th quarter valued at about $26,000. Transcendent Capital Group LLC raised its position in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 266 shares during the period. Crews Bank & Trust bought a new position in ONE Gas during the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in ONE Gas during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 1.3 %

Shares of OGS stock opened at $75.05 on Monday. The company has a market capitalization of $4.49 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.64 and a beta of 0.72. ONE Gas has a 12-month low of $58.31 and a 12-month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $70.64 and a 200 day moving average price of $71.68.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. Research analysts forecast that ONE Gas will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s payout ratio is currently 68.54%.

ONE Gas Company Profile

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.