ONE Gas, Inc. (NYSE:OGS) Given Consensus Recommendation of “Hold” by Brokerages

ONE Gas, Inc. (NYSE:OGS) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $85.5714.

A number of research analysts have commented on OGS shares. Jefferies Financial Group upped their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Mizuho increased their target price on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Bank of America lifted their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. UBS Group cut their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Morgan Stanley reissued an “underperform” rating and set a $73.00 price target on shares of ONE Gas in a research report on Wednesday, January 21st.

Institutional Trading of ONE Gas

Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after purchasing an additional 1,490,492 shares during the period. Norges Bank purchased a new position in shares of ONE Gas in the 4th quarter valued at about $70,767,000. Nuveen LLC boosted its stake in shares of ONE Gas by 101.1% in the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock valued at $59,984,000 after buying an additional 390,344 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ONE Gas by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after buying an additional 380,668 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of ONE Gas by 187.1% during the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after buying an additional 358,779 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 1.2%

Shares of NYSE:OGS opened at $86.05 on Monday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.71 and a beta of 0.81. ONE Gas has a 12-month low of $68.58 and a 12-month high of $86.18. The business has a 50-day moving average price of $78.77 and a 200 day moving average price of $78.65. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.68 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. ONE Gas’s dividend payout ratio (DPR) is currently 62.47%.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.