ONE Gas (NYSE:OGS) Downgraded to Neutral at Mizuho

ONE Gas (NYSE:OGSGet Rating) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

A number of other research analysts have also recently commented on OGS. Morgan Stanley upped their price target on ONE Gas from $82.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 20th. Bank of America raised ONE Gas from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Thursday, February 17th. Finally, StockNews.com started coverage on ONE Gas in a research report on Thursday, March 31st. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.00.

NYSE:OGS opened at $87.57 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.27 and a debt-to-equity ratio of 1.57. The stock’s fifty day moving average is $86.13 and its two-hundred day moving average is $77.41. ONE Gas has a 52 week low of $62.52 and a 52 week high of $92.26. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 4.37 and a beta of 0.52.

ONE Gas (NYSE:OGSGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The utilities provider reported $1.12 EPS for the quarter, hitting analysts’ consensus estimates of $1.12. ONE Gas had a return on equity of 8.90% and a net margin of 11.41%. The company had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $499.74 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue was up 22.6% compared to the same quarter last year. On average, sell-side analysts expect that ONE Gas will post 4.07 EPS for the current fiscal year.

In related news, Director Michael G. Hutchinson sold 750 shares of the stock in a transaction on Friday, March 11th. The stock was sold at an average price of $86.12, for a total value of $64,590.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.94% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in ONE Gas by 48.8% in the fourth quarter. Fifth Third Bancorp now owns 421 shares of the utilities provider’s stock valued at $33,000 after buying an additional 138 shares during the last quarter. Covestor Ltd purchased a new position in ONE Gas in the fourth quarter valued at $36,000. Evoke Wealth LLC purchased a new position in ONE Gas in the third quarter valued at $31,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in ONE Gas in the fourth quarter valued at $40,000. Finally, Bivin & Associates Inc. purchased a new position in shares of ONE Gas during the fourth quarter worth about $47,000. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Gas (Get Rating)

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states.

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