ONE Gas (NYSE:OGS) PT Lowered to $90.00 at Wells Fargo & Company

ONE Gas (NYSE:OGSGet Rating) had its price objective cut by Wells Fargo & Company from $98.00 to $90.00 in a research note issued to investors on Thursday morning, The Fly reports. They currently have an overweight rating on the utilities provider’s stock.

Several other equities research analysts have also commented on the company. Mizuho reduced their price objective on ONE Gas from $92.00 to $90.00 and set a neutral rating for the company in a research note on Wednesday, August 3rd. Morgan Stanley increased their price target on ONE Gas from $82.00 to $89.00 and gave the stock an equal weight rating in a research note on Tuesday, August 23rd. Finally, StockNews.com upgraded ONE Gas from a sell rating to a hold rating in a research note on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas presently has an average rating of Moderate Buy and an average price target of $87.50.

ONE Gas Trading Up 1.1 %

NYSE:OGS opened at $79.84 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.92 and a quick ratio of 0.84. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.92 and a beta of 0.55. ONE Gas has a one year low of $62.52 and a one year high of $92.26. The business has a fifty day moving average price of $81.25 and a 200-day moving average price of $83.72.

ONE Gas (NYSE:OGSGet Rating) last posted its quarterly earnings data on Monday, August 1st. The utilities provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). The company had revenue of $428.98 million during the quarter, compared to analysts’ expectations of $328.48 million. ONE Gas had a return on equity of 8.85% and a net margin of 9.34%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. Sell-side analysts forecast that ONE Gas will post 4.07 EPS for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, August 12th. ONE Gas’s dividend payout ratio (DPR) is presently 63.27%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OGS. Pinebridge Investments L.P. boosted its holdings in shares of ONE Gas by 206.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 306 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of ONE Gas by 85.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 346 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. Venture Visionary Partners LLC bought a new position in shares of ONE Gas during the 2nd quarter valued at about $34,000. Bivin & Associates Inc. bought a new position in shares of ONE Gas during the 4th quarter valued at about $47,000. Finally, Lazard Asset Management LLC bought a new position in shares of ONE Gas during the 2nd quarter valued at about $47,000. Institutional investors own 83.60% of the company’s stock.

ONE Gas Company Profile

(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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