ONE Gas (NYSE:OGS) Upgraded to “Neutral” by UBS Group

UBS Group upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a neutral rating in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has $90.00 target price on the utilities provider’s stock.

Separately, Morgan Stanley set a $82.00 price target on ONE Gas and gave the company a sell rating in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $82.50.

Shares of OGS traded up $0.69 during mid-day trading on Tuesday, reaching $91.77. 39,240 shares of the company’s stock traded hands, compared to its average volume of 173,640. The stock has a market cap of $4.70 billion, a P/E ratio of 28.24, a P/E/G ratio of 4.34 and a beta of 0.32. The stock’s 50-day moving average is $90.43 and its two-hundred day moving average is $89.25. ONE Gas has a 12 month low of $75.51 and a 12 month high of $93.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.50.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, July 29th. The utilities provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $290.56 million for the quarter, compared to analysts’ expectations of $294.20 million. ONE Gas had a return on equity of 8.66% and a net margin of 10.83%. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Research analysts predict that ONE Gas will post 3.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, August 9th. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. ONE Gas’s dividend payout ratio is currently 61.54%.

In other ONE Gas news, insider Jeffrey J. Husen sold 300 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $89.64, for a total transaction of $26,892.00. Following the completion of the sale, the insider now owns 1,787 shares in the company, valued at $160,186.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.76% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Alpha Windward LLC purchased a new stake in ONE Gas during the second quarter worth $26,000. NumerixS Investment Technologies Inc acquired a new position in shares of ONE Gas in the 2nd quarter valued at $27,000. Steward Partners Investment Advisory LLC acquired a new position in shares of ONE Gas in the 2nd quarter valued at $31,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of ONE Gas in the 2nd quarter valued at $47,000. Finally, Cohen & Steers Inc. acquired a new position in shares of ONE Gas in the 2nd quarter valued at $60,000. Institutional investors own 75.66% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

Further Reading: Diluted Earnings Per Share

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