ONE Gas Inc. (NYSE:OGS) shares saw unusually-strong trading volume on Wednesday . Approximately 363,902 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 156,261 shares.The stock last traded at $60.89 and had previously closed at $60.77.

A number of equities research analysts have recently weighed in on OGS shares. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th. BB&T Corp. assumed coverage on ONE Gas in a research note on Wednesday, June 22nd. They issued a “hold” rating for the company. Finally, Jefferies Group cut ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 target price for the company. in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $59.50.

The stock’s 50-day moving average is $64.61 and its 200 day moving average is $60.87. The company has a market cap of $3.21 billion and a PE ratio of 24.71.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, August 1st. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business had revenue of $245.92 million for the quarter, compared to analyst estimates of $289.73 million. The firm’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts expect that ONE Gas Inc. will post $2.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.40 annualized dividend and a dividend yield of 2.23%.

Other hedge funds have made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of ONE Gas by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 49,500 shares of the company’s stock valued at $2,483,000 after buying an additional 1,500 shares in the last quarter. Morgan Stanley increased its stake in shares of ONE Gas by 5.5% in the fourth quarter. Morgan Stanley now owns 311,520 shares of the company’s stock valued at $15,629,000 after buying an additional 16,167 shares in the last quarter. Calvert Investment Management Inc. acquired a new stake in shares of ONE Gas during the fourth quarter valued at $2,561,000. Finally, Bank of Montreal Can increased its stake in shares of ONE Gas by 13.0% in the fourth quarter. Bank of Montreal Can now owns 23,089 shares of the company’s stock valued at $1,158,000 after buying an additional 2,650 shares in the last quarter.

ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.

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