ONE Gas Inc (NYSE:OGS) has received an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $82.50.

Several research firms recently commented on OGS. Morgan Stanley set a $82.00 price objective on shares of ONE Gas and gave the stock a “sell” rating in a research report on Friday, August 16th. UBS Group raised shares of ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 target price for the company in a research note on Tuesday.

Shares of ONE Gas stock traded up $0.13 on Friday, hitting $91.21. The company’s stock had a trading volume of 5,000 shares, compared to its average volume of 173,640. ONE Gas has a 52-week low of $75.51 and a 52-week high of $93.04. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $90.43 and a 200-day moving average price of $89.25. The company has a market capitalization of $4.70 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 4.34 and a beta of 0.32.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. ONE Gas had a net margin of 10.83% and a return on equity of 8.66%. The business had revenue of $290.56 million for the quarter, compared to analyst estimates of $294.20 million. During the same period in the previous year, the firm earned $0.39 EPS. As a group, analysts expect that ONE Gas will post 3.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, August 9th. ONE Gas’s payout ratio is 61.54%.

In related news, insider Jeffrey J. Husen sold 300 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $89.64, for a total value of $26,892.00. Following the completion of the transaction, the insider now owns 1,787 shares of the company’s stock, valued at approximately $160,186.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.76% of the company’s stock.

A number of hedge funds have recently made changes to their positions in OGS. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of ONE Gas by 9.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,207 shares of the utilities provider’s stock valued at $561,000 after acquiring an additional 528 shares during the last quarter. Eaton Vance Management increased its position in ONE Gas by 7.1% during the 2nd quarter. Eaton Vance Management now owns 237,477 shares of the utilities provider’s stock worth $21,444,000 after purchasing an additional 15,683 shares in the last quarter. United Services Automobile Association increased its position in ONE Gas by 3.4% during the 2nd quarter. United Services Automobile Association now owns 36,752 shares of the utilities provider’s stock worth $3,319,000 after purchasing an additional 1,200 shares in the last quarter. Waddell & Reed Financial Inc. increased its position in ONE Gas by 0.3% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 197,017 shares of the utilities provider’s stock worth $17,791,000 after purchasing an additional 687 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in ONE Gas during the 2nd quarter worth approximately $35,255,000. 75.66% of the stock is owned by hedge funds and other institutional investors.

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.

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