ONE Gas (NYSE:OGS) Research Coverage Started at Bank of America

Bank of America started coverage on shares of ONE Gas (NYSE:OGS) in a research report released on Friday. The brokerage issued a buy rating and a $77.00 price target on the utilities provider’s stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley upped their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Stifel Nicolaus lifted their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.69.

ONE Gas Stock Up 0.2 %

Shares of NYSE:OGS opened at $70.38 on Friday. The firm has a market cap of $3.99 billion, a P/E ratio of 18.33 and a beta of 0.70. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The business has a fifty day simple moving average of $73.86 and a 200 day simple moving average of $69.48. 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 quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Analysts predict that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s payout ratio is 68.75%.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently made changes to their positions in the business. Oddo BHF Asset Management Sas bought a new position in ONE Gas during the third quarter valued at about $3,135,000. Pathstone Holdings LLC grew its position in shares of ONE Gas by 113.5% during the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 12,060 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of ONE Gas by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after purchasing an additional 18,889 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of ONE Gas by 234.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock worth $4,539,000 after purchasing an additional 42,724 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of ONE Gas in the 3rd quarter worth approximately $869,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

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.