ONE Gas (NYSE:OGS) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of ONE Gas (NYSE:OGS) in a report published on Monday, MarketBeat reports. The firm issued a hold rating and a $79.00 price target on the utilities provider’s stock.

Several other analysts have also recently weighed in on the stock. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research note on Friday. Stifel Nicolaus upped their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Wells Fargo & Company reduced their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.07.

ONE Gas Price Performance

Shares of OGS opened at $72.33 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.10 billion, a PE ratio of 18.84 and a beta of 0.70. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The business has a 50-day simple moving average of $74.05 and a two-hundred day simple moving average of $69.16.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter last year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that ONE Gas will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of ONE Gas by 72.1% during the second quarter. CWM LLC now owns 1,432 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 600 shares during the period. SG Americas Securities LLC raised its stake in ONE Gas by 44.0% during the 2nd quarter. SG Americas Securities LLC now owns 9,369 shares of the utilities provider’s stock worth $598,000 after buying an additional 2,861 shares during the period. Diversified Trust Co boosted its holdings in ONE Gas by 6.0% in the second quarter. Diversified Trust Co now owns 10,823 shares of the utilities provider’s stock worth $691,000 after acquiring an additional 615 shares in the last quarter. Midwest Financial Group LLC grew its stake in ONE Gas by 2.6% in the second quarter. Midwest Financial Group LLC now owns 11,917 shares of the utilities provider’s stock valued at $761,000 after acquiring an additional 301 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of ONE Gas by 273,100.0% during the second quarter. Blue Trust Inc. now owns 5,464 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 5,462 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

About ONE Gas

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.