ONE Gas (NYSE:OGS) Given New $74.00 Price Target at Stifel Nicolaus

ONE Gas (NYSE:OGS) had its price objective boosted by Stifel Nicolaus from $73.00 to $74.00 in a research note issued to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the utilities provider’s stock.

A number of other research analysts have also weighed in on the stock. 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. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.92.

ONE Gas Stock Down 1.9 %

OGS stock opened at $72.62 on Friday. The stock has a fifty day moving average of $74.09 and a 200-day moving average of $69.08. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 18.91 and a beta of 0.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, equities research analysts predict that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a $0.66 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.64%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Institutional Trading of ONE Gas

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. raised its position in shares of ONE Gas by 6.3% during 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 buying an additional 272,923 shares in the last quarter. Wellington Management Group LLP raised its position in ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after purchasing an additional 645,566 shares in the last quarter. Victory Capital Management Inc. raised its position in ONE Gas by 0.7% during the second 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 in the last quarter. Geode Capital Management LLC lifted its stake in ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after purchasing an additional 18,477 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in shares of ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock worth $78,082,000 after purchasing an additional 98,489 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

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.