ONE Gas (NYSE:OGS) Raised to “Hold” at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of ONE Gas (NYSE:OGS) to a hold rating in a report published on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group cut their price objective on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America started coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. Stifel Nicolaus raised their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.31.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $74.57 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $72.07 and a two-hundred day moving average price of $72.34. ONE Gas has a 1-year low of $58.31 and a 1-year high of $78.89. The company has a market cap of $4.47 billion, a P/E ratio of 19.07, a PEG ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. As a group, analysts anticipate that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.59%. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is presently 68.54%.

Institutional Trading of ONE Gas

Hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in ONE Gas by 0.9% in the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock worth $1,139,000 after purchasing an additional 152 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of ONE Gas by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider’s stock valued at $4,225,000 after acquiring an additional 154 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of ONE Gas by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock valued at $1,497,000 after acquiring an additional 187 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 210 shares during the period. Finally, LPL Financial LLC increased its position in shares of ONE Gas by 0.8% in the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock valued at $1,994,000 after acquiring an additional 220 shares during the period. 88.71% of the stock is owned by 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.