ONE Gas, Inc. (NYSE:OGS) has received an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.00.
Several analysts recently commented on OGS shares. Edward Jones started coverage on shares of ONE Gas in a report on Tuesday, March 16th. They set a “hold” rating for the company. UBS Group restated a “neutral” rating and set a $80.00 price target (up from $79.00) on shares of ONE Gas in a report on Monday, March 29th. Stifel Nicolaus began coverage on shares of ONE Gas in a report on Thursday, December 17th. They set a “buy” rating and a $87.00 price target for the company. Wells Fargo & Company raised their price objective on shares of ONE Gas from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. Finally, Mizuho reaffirmed a “buy” rating and set a $81.00 price objective on shares of ONE Gas in a research report on Thursday, January 21st.
Hedge funds have recently made changes to their positions in the stock. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its position in ONE Gas by 63.1% during the fourth quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 99,080 shares of the utilities provider’s stock worth $7,606,000 after acquiring an additional 38,330 shares during the period. Westpac Banking Corp boosted its stake in ONE Gas by 16.0% during the fourth quarter. Westpac Banking Corp now owns 87,539 shares of the utilities provider’s stock worth $6,720,000 after buying an additional 12,100 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in ONE Gas during the fourth quarter worth $646,000. Cadent Capital Advisors LLC acquired a new stake in ONE Gas during the fourth quarter worth $1,313,000. Finally, Glenmede Trust Co. NA boosted its stake in ONE Gas by 83.1% during the fourth quarter. Glenmede Trust Co. NA now owns 19,607 shares of the utilities provider’s stock worth $1,505,000 after buying an additional 8,900 shares in the last quarter. 79.04% of the stock is currently owned by institutional investors and hedge funds.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Thursday, February 25th. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $484.17 million during the quarter, compared to analysts’ expectations of $460.66 million. ONE Gas had a net margin of 12.63% and a return on equity of 8.69%. On average, analysts expect that ONE Gas will post 3.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 5th. Investors of record on Friday, February 19th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, February 18th. This represents a $2.32 dividend on an annualized basis and a yield of 2.98%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.54. ONE Gas’s payout ratio is 66.10%.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates in three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. The company serves residential, commercial and industrial, transportation and wholesale, and public authority customers.
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