ONE Gas (NYSE:OGS) Research Coverage Started at UBS Group

UBS Group began coverage on shares of ONE Gas (NYSE:OGS) in a research note issued to investors on Friday, MarketBeat reports. The firm issued a sell rating and a $61.00 price target on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their price objective on ONE Gas from $57.00 to $58.00 and gave the company an equal weight rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price target on ONE Gas from $60.00 to $63.00 and gave the stock an equal weight rating in a research note on Friday, February 23rd. Finally, LADENBURG THALM/SH SH upgraded ONE Gas from a neutral rating to a buy rating and set a $64.50 price target for the company in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $64.44.

ONE Gas Trading Down 0.2 %

OGS opened at $61.97 on Friday. The business has a 50 day moving average of $61.74 and a 200-day moving average of $62.41. The stock has a market cap of $3.51 billion, a PE ratio of 14.97, a PEG ratio of 3.21 and a beta of 0.65. ONE Gas has a 52 week low of $55.50 and a 52 week high of $83.89. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.27. The business had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The firm’s quarterly revenue was down 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 earnings per share. Equities research analysts predict that ONE Gas will post 3.86 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from ONE Gas’s previous quarterly dividend of $0.65. ONE Gas’s payout ratio is currently 63.77%.

Hedge Funds Weigh In On ONE Gas

Several large investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new stake in shares of ONE Gas in the fourth quarter worth about $32,000. BKM Wealth Management LLC purchased a new stake in shares of ONE Gas in the fourth quarter worth about $28,000. Garner Asset Management Corp purchased a new stake in shares of ONE Gas in the fourth quarter worth about $26,000. Quadrant Capital Group LLC lifted its position in shares of ONE Gas by 290.4% in the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after buying an additional 334 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in ONE Gas by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 337 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.