Analysts expect ONE Gas Inc (NYSE:OGS) to post earnings of $0.84 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for ONE Gas’ earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.79. ONE Gas reported earnings per share of $0.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The business is expected to report its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that ONE Gas will report full-year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.98 to $3.10. For the next fiscal year, analysts expect that the business will report earnings of $3.14 per share, with EPS estimates ranging from $3.08 to $3.29. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow ONE Gas.
A number of brokerages have recently issued reports on OGS. Morgan Stanley lifted their price target on ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group reiterated a “sell” rating and set a $63.00 price target on shares of ONE Gas in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. ONE Gas presently has an average rating of “Hold” and a consensus price target of $73.75.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 22nd. ONE Gas’s dividend payout ratio (DPR) is currently 56.19%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of ONE Gas by 1.2% during the 4th quarter. BlackRock Inc. now owns 5,672,511 shares of the utilities provider’s stock valued at $415,565,000 after buying an additional 67,227 shares in the last quarter. State Street Corp raised its holdings in shares of ONE Gas by 5.1% during the 2nd quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock valued at $127,367,000 after buying an additional 88,740 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of ONE Gas by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 874,249 shares of the utilities provider’s stock valued at $64,047,000 after buying an additional 6,835 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of ONE Gas by 58.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock valued at $39,795,000 after buying an additional 199,475 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of ONE Gas by 13.7% during the 4th quarter. First Trust Advisors LP now owns 379,858 shares of the utilities provider’s stock valued at $27,828,000 after buying an additional 45,649 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.
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About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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