Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $65.67.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday, May 10th. Finally, Morgan Stanley increased their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th.
Hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of ONE Gas by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after buying an additional 23 shares during the period. World Asset Management Inc raised its position in shares of ONE Gas by 0.8% in the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock worth $217,000 after buying an additional 25 shares in the last quarter. US Bancorp DE raised its position in shares of ONE Gas by 0.4% in the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock worth $530,000 after buying an additional 28 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of ONE Gas by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock worth $290,000 after buying an additional 40 shares in the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of ONE Gas by 1.3% in the second quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock worth $435,000 after buying an additional 81 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.
Shares of ONE Gas (OGS) traded up 0.33% on Friday, reaching $73.90. 142,475 shares of the company’s stock traded hands. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 25.75 and a beta of 0.12. ONE Gas has a 52-week low of $55.98 and a 52-week high of $74.84. The firm’s 50-day moving average is $72.04 and its 200-day moving average is $68.98.
ONE Gas (NYSE:OGS) last announced its earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $279.69 million for the quarter, compared to analysts’ expectations of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Analysts anticipate that ONE Gas will post $2.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.27%. ONE Gas’s dividend payout ratio (DPR) is presently 58.54%.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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