ONE Gas (NYSE:OGS) Lowered to Sell at StockNews.com

StockNews.com cut shares of ONE Gas (NYSE:OGSGet Rating) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Other equities analysts have also issued research reports about the stock. Morgan Stanley boosted their price target on shares of ONE Gas from $76.00 to $82.00 and gave the company an equal weight rating in a report on Thursday, July 21st. Mizuho lowered shares of ONE Gas from a buy rating to a neutral rating and set a $92.00 target price for the company. in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $85.67.

ONE Gas Price Performance

Shares of OGS stock opened at $82.97 on Tuesday. ONE Gas has a 12-month low of $62.52 and a 12-month high of $92.26. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average of $82.38 and a 200-day moving average of $83.13.

ONE Gas (NYSE:OGSGet Rating) last announced its quarterly earnings results on Monday, August 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. ONE Gas had a net margin of 9.74% and a return on equity of 8.90%. The company had revenue of $428.98 million during the quarter, compared to analyst estimates of $328.48 million. During the same quarter in the previous year, the business earned $0.56 EPS. The firm’s revenue was up 35.9% on a year-over-year basis. On average, equities research analysts forecast that ONE Gas will post 4.05 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, August 12th. This represents a $2.48 annualized dividend and a yield of 2.99%. ONE Gas’s dividend payout ratio (DPR) is presently 63.75%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Massachusetts Financial Services Co. MA bought a new stake in ONE Gas during the 4th quarter worth about $46,253,000. Wellington Management Group LLP bought a new stake in ONE Gas during the 1st quarter worth about $33,454,000. State Street Corp lifted its position in ONE Gas by 14.8% during the 1st quarter. State Street Corp now owns 2,011,963 shares of the utilities provider’s stock worth $177,536,000 after buying an additional 258,905 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in ONE Gas by 19.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,983 shares of the utilities provider’s stock worth $110,332,000 after buying an additional 234,312 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in ONE Gas by 257.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 250,000 shares of the utilities provider’s stock worth $19,398,000 after buying an additional 180,000 shares in the last quarter. 81.64% of the stock is owned by institutional investors.

About ONE Gas

(Get Rating)

ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.

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