ONE Gas (NYSE:OGS – Get Rating) had its target price lowered by Morgan Stanley from $89.00 to $87.00 in a research report report published on Thursday, Stock Target Advisor reports. The firm currently has an equal weight rating on the utilities provider's stock.
A number of other analysts also recently commented on OGS. StockNews.com upgraded ONE Gas from a sell rating to a hold rating in a research report on Wednesday, August 10th. Mizuho dropped their target price on ONE Gas from $92.00 to $90.00 and set a neutral rating for the company in a report on Wednesday, August 3rd. Finally, Wells Fargo & Company dropped their price target on ONE Gas from $98.00 to $90.00 and set an overweight rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, ONE Gas currently has an average rating of Moderate Buy and an average target price of $87.50.
Get ONE Gas alerts:ONE Gas Price Performance
Shares of NYSE:OGS opened at $78.60 on Thursday. The business has a 50 day moving average price of $81.19 and a 200 day moving average price of $83.64. ONE Gas has a twelve month low of $62.52 and a twelve month high of $92.26. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 3.86 and a beta of 0.55. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.93.
ONE Gas (NYSE:OGS – Get Rating) last announced its earnings results on Monday, August 1st. The utilities provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.03). ONE Gas had a net margin of 9.34% and a return on equity of 8.85%. The business had revenue of $428.98 million for the quarter, compared to the consensus estimate of $328.48 million. During the same quarter in the previous year, the company earned $0.56 EPS. ONE Gas's revenue for the quarter was up 35.9% compared to the same quarter last year. Research analysts predict that ONE Gas will post 4.07 earnings per share for the current year.ONE Gas Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $0.62 dividend. The ex-dividend date was Friday, August 12th. This represents a $2.48 annualized dividend and a dividend yield of 3.16%. ONE Gas's dividend payout ratio is currently 63.27%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its position in shares of ONE Gas by 46.5% in the 2nd quarter. Federated Hermes Inc. now owns 24,044 shares of the utilities provider's stock worth $1,952,000 after purchasing an additional 7,634 shares during the last quarter. Verition Fund Management LLC lifted its holdings in ONE Gas by 187.8% during the second quarter. Verition Fund Management LLC now owns 19,869 shares of the utilities provider's stock worth $1,613,000 after acquiring an additional 12,966 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in ONE Gas by 39.2% during the second quarter. ExodusPoint Capital Management LP now owns 175,925 shares of the utilities provider's stock worth $14,283,000 after acquiring an additional 49,500 shares in the last quarter. Centiva Capital LP bought a new position in ONE Gas during the second quarter worth about $422,000. Finally, Captrust Financial Advisors lifted its holdings in ONE Gas by 0.6% during the second quarter. Captrust Financial Advisors now owns 29,523 shares of the utilities provider's stock worth $2,397,000 after acquiring an additional 170 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors.
ONE Gas Company Profile
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ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.
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