UBS Group upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a neutral rating in a research report released on Tuesday, BenzingaRatingsTable reports. UBS Group currently has $90.00 price target on the utilities provider’s stock.
Separately, Morgan Stanley set a $82.00 target price on ONE Gas and gave the stock a sell rating in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. ONE Gas presently has an average rating of Hold and an average target price of $82.50.
OGS stock traded up $0.69 on Tuesday, reaching $91.77. 39,240 shares of the company traded hands, compared to its average volume of 173,640. ONE Gas has a one year low of $75.51 and a one year high of $93.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.50. The company has a market cap of $4.70 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 4.34 and a beta of 0.32. The firm has a fifty day simple moving average of $90.43 and a 200-day simple moving average of $89.25.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $290.56 million during the quarter, compared to analyst estimates of $294.20 million. ONE Gas had a return on equity of 8.66% and a net margin of 10.83%. During the same quarter last year, the company earned $0.39 EPS. On average, sell-side analysts forecast that ONE Gas will post 3.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, August 9th. ONE Gas’s payout ratio is 61.54%.
In other ONE Gas news, insider Jeffrey J. Husen sold 300 shares of ONE Gas stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $89.64, for a total value of $26,892.00. Following the completion of the sale, the insider now owns 1,787 shares of the company’s stock, valued at approximately $160,186.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.76% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Weiss Asset Management LP purchased a new position in shares of ONE Gas in the 1st quarter worth $208,000. Great West Life Assurance Co. Can lifted its position in ONE Gas by 41.7% during the first quarter. Great West Life Assurance Co. Can now owns 75,607 shares of the utilities provider’s stock valued at $6,720,000 after purchasing an additional 22,255 shares in the last quarter. 361 Capital LLC lifted its position in ONE Gas by 18.5% during the second quarter. 361 Capital LLC now owns 36,406 shares of the utilities provider’s stock valued at $3,287,000 after purchasing an additional 5,678 shares in the last quarter. Trillium Asset Management LLC lifted its position in ONE Gas by 5.3% during the first quarter. Trillium Asset Management LLC now owns 15,327 shares of the utilities provider’s stock valued at $1,365,000 after purchasing an additional 773 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in ONE Gas by 8.6% during the second quarter. WINTON GROUP Ltd now owns 257,609 shares of the utilities provider’s stock valued at $23,262,000 after purchasing an additional 20,467 shares in the last quarter. 75.66% of the stock is owned by institutional investors and hedge funds.
ONE Gas Company Profile
ONE Gas, Inc 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 serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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