ONE Gas, Inc. (NYSE:OGS) has earned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $79.50.
OGS has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of ONE Gas from $71.00 to $67.00 and set an “underweight” rating on the stock in a research note on Friday, September 17th. Zacks Investment Research raised shares of ONE Gas from a “sell” rating to a “hold” rating and set a $77.00 target price on the stock in a research note on Thursday, June 24th. Finally, Mizuho lifted their price target on shares of ONE Gas from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, May 27th. They noted that the move was a valuation call.
NYSE OGS traded up $0.26 during mid-day trading on Thursday, reaching $64.80. 743 shares of the stock were exchanged, compared to its average volume of 262,607. ONE Gas has a 1-year low of $63.10 and a 1-year high of $82.40. The business’s fifty day simple moving average is $71.76 and its 200 day simple moving average is $74.68. The stock has a market capitalization of $3.47 billion, a PE ratio of 16.87, a PEG ratio of 3.40 and a beta of 0.44. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.40 and a current ratio of 1.63.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Friday, August 13th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.58%. The ex-dividend date was Thursday, August 12th. ONE Gas’s dividend payout ratio (DPR) is 63.04%.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 800 shares of the firm’s stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $71.55, for a total transaction of $57,240.00. Following the completion of the transaction, the director now directly owns 9,746 shares of the company’s stock, valued at approximately $697,326.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in ONE Gas by 3.6% during the 1st quarter. BlackRock Inc. now owns 6,524,617 shares of the utilities provider’s stock worth $501,808,000 after acquiring an additional 229,272 shares in the last quarter. Vanguard Group Inc. grew its holdings in ONE Gas by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,381,245 shares of the utilities provider’s stock worth $398,857,000 after acquiring an additional 86,693 shares in the last quarter. American Century Companies Inc. grew its holdings in ONE Gas by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 4,027,276 shares of the utilities provider’s stock worth $298,502,000 after acquiring an additional 60,817 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in ONE Gas by 0.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,745,307 shares of the utilities provider’s stock worth $277,602,000 after acquiring an additional 30,429 shares in the last quarter. Finally, State Street Corp grew its holdings in ONE Gas by 1.7% during the 2nd quarter. State Street Corp now owns 1,684,932 shares of the utilities provider’s stock worth $124,887,000 after acquiring an additional 27,726 shares in the last quarter. 80.25% of the stock is owned by institutional investors.
About ONE Gas
ONE Gas, Inc engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.
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