ONE Gas, Inc. (NYSE:OGS) Receives $63.36 Average Target Price from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned an average rating of “Reduce” from the six research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $63.36.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Wells Fargo & Company lifted their price objective on ONE Gas from $68.00 to $71.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Mizuho lifted their price objective on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after purchasing an additional 272,923 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of ONE Gas by 3.5% in the 4th quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock valued at $99,098,000 after purchasing an additional 52,740 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock valued at $93,873,000 after purchasing an additional 10,189 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of ONE Gas by 15.3% in the 4th quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock valued at $70,657,000 after purchasing an additional 147,471 shares during the last quarter. Finally, Energy Income Partners LLC lifted its holdings in shares of ONE Gas by 52.9% in the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock valued at $68,317,000 after purchasing an additional 366,363 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

NYSE:OGS opened at $68.58 on Monday. ONE Gas has a 52 week low of $55.50 and a 52 week high of $75.89. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.89 billion, a P/E ratio of 16.93, a P/E/G ratio of 3.59 and a beta of 0.66. The stock’s fifty day moving average is $67.27 and its two-hundred day moving average is $64.02.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. Equities analysts expect that ONE Gas will post 3.84 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.64 annualized dividend and a yield of 3.85%. ONE Gas’s payout ratio is 65.19%.

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.