ONE Gas (NYSE:OGS) Upgraded at StockNews.com

StockNews.com upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a report issued on Wednesday morning.

A number of other equities analysts have also issued reports on the stock. Bank of America started coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 price target for the company. Morgan Stanley lifted their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research report on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.69.

ONE Gas Trading Up 1.0 %

Shares of OGS opened at $69.02 on Wednesday. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.97 and a beta of 0.70. The stock’s 50-day moving average price is $72.75 and its 200 day moving average price is $70.21. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s quarterly revenue 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, research analysts predict that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s payout ratio is currently 68.75%.

Institutional Investors Weigh In On ONE Gas

Hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC grew its stake in shares of ONE Gas by 266.0% in the third 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 in the last quarter. Rothschild Investment LLC acquired a new stake in ONE Gas during the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in ONE Gas in the third quarter valued at about $45,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.