ONE Gas (NYSE:OGS) Price Target Increased to $65.00 by Analysts at Mizuho

ONE Gas (NYSE:OGSFree Report) had its price target increased by Mizuho from $64.00 to $65.00 in a report published on Wednesday, Benzinga reports. Mizuho currently has a neutral rating on the utilities provider’s stock.

OGS has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on shares of ONE Gas from $60.00 to $63.00 and gave the company an equal weight rating in a research note on Friday, February 23rd. UBS Group started coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a sell rating and a $61.00 price target for the company. LADENBURG THALM/SH SH raised shares of ONE Gas from a neutral rating to a buy rating and set a $64.50 price target for the company in a report on Tuesday, March 5th. StockNews.com raised shares of ONE Gas from a sell rating to a hold rating in a report on Monday, May 13th. Finally, Morgan Stanley raised their price target on shares of ONE Gas from $58.00 to $61.00 and gave the company an equal weight rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $65.06.

Read Our Latest Stock Analysis on ONE Gas

ONE Gas Trading Down 2.7 %

Shares of OGS stock opened at $61.45 on Wednesday. The company has a 50 day moving average of $63.27 and a 200-day moving average of $62.09. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. ONE Gas has a 12-month low of $55.50 and a 12-month high of $83.89. The firm has a market cap of $3.48 billion, a P/E ratio of 15.17, a PEG ratio of 3.27 and a beta of 0.65.

ONE Gas (NYSE:OGSGet Free Report) last released its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The business had revenue of $758.32 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The firm’s quarterly revenue was down 26.5% on a year-over-year basis. Sell-side analysts anticipate that ONE Gas will post 3.85 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.30%. The ex-dividend date was Friday, May 17th. ONE Gas’s dividend payout ratio is presently 65.19%.

Institutional Trading of ONE Gas

Several hedge funds have recently added to or reduced their stakes in OGS. New York State Common Retirement Fund lifted its stake in ONE Gas by 5.5% in the third quarter. New York State Common Retirement Fund now owns 33,856 shares of the utilities provider’s stock worth $2,312,000 after purchasing an additional 1,754 shares during the last quarter. Quantbot Technologies LP bought a new stake in ONE Gas in the third quarter worth $232,000. Swiss National Bank lifted its stake in ONE Gas by 1.0% in the third quarter. Swiss National Bank now owns 121,713 shares of the utilities provider’s stock worth $8,311,000 after purchasing an additional 1,200 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in ONE Gas by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 682,934 shares of the utilities provider’s stock worth $46,631,000 after purchasing an additional 8,227 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in ONE Gas by 5.4% in the third quarter. HighTower Advisors LLC now owns 15,005 shares of the utilities provider’s stock worth $1,023,000 after purchasing an additional 763 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

About ONE Gas

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ONE Gas (NYSE:OGS)

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