ONE Gas, Inc. (NYSE:OGS) Given Consensus Recommendation of “Hold” by Brokerages

ONE Gas, Inc. (NYSE:OGS) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $85.5714.

A number of equities analysts have recently weighed in on OGS shares. Jefferies Financial Group increased their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Bank of America upped their target price on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Mizuho lifted their price target on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. UBS Group reduced their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th.

ONE Gas Trading Down 0.2%

OGS opened at $82.57 on Monday. The stock has a market capitalization of $4.95 billion, a PE ratio of 19.25, a P/E/G ratio of 2.63 and a beta of 0.81. ONE Gas has a one year low of $68.58 and a one year high of $84.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. The business’s 50 day moving average price is $78.39 and its 200 day moving average price is $78.34.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is currently 62.47%.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently added to or reduced their stakes in OGS. American Century Companies Inc. boosted its holdings in ONE Gas by 5.6% in the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock valued at $308,899,000 after purchasing an additional 202,189 shares during the period. Alliancebernstein L.P. increased its stake in ONE Gas by 6.9% in the third quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock valued at $138,229,000 after purchasing an additional 110,305 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ONE Gas by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock valued at $106,290,000 after buying an additional 84,296 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after purchasing an additional 55,507 shares during the last quarter. Finally, Energy Income Partners LLC grew its stake in ONE Gas by 22.2% during the 3rd quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock worth $68,495,000 after buying an additional 153,760 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.