ONE Gas (NYSE:OGS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a research report report published on Tuesday.

A number of other equities analysts have also weighed in on OGS. Morgan Stanley lifted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ONE Gas has an average rating of “Hold” and an average target price of $68.30.

ONE Gas Stock Up 0.9 %

OGS stock opened at $70.59 on Tuesday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 18.38, a PEG ratio of 3.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. ONE Gas has a one year low of $55.50 and a one year high of $74.99. The company has a 50 day moving average price of $72.12 and a two-hundred day moving average price of $67.24.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. As a group, sell-side analysts expect that ONE Gas will post 3.86 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.74%. ONE Gas’s payout ratio is 68.75%.

Hedge Funds Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. lifted its holdings in shares of ONE Gas by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 159 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares during the last quarter. Tidal Investments LLC grew its stake in shares of ONE Gas by 6.1% during the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after acquiring an additional 230 shares during the last quarter. Finally, GW Henssler & Associates Ltd. lifted its stake in shares of ONE Gas by 7.4% in the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.