ONE Gas (NYSE:OGS) Hits New 52-Week High at $93.13

ONE Gas Inc (NYSE:OGS) hit a new 52-week high on Wednesday . The company traded as high as $93.13 and last traded at $93.10, with a volume of 15886 shares. The stock had previously closed at $91.91.

A number of equities analysts recently weighed in on OGS shares. UBS Group raised shares of ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 target price for the company in a research note on Tuesday, September 10th. Morgan Stanley set a $82.00 target price on shares of ONE Gas and gave the stock a “sell” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.00.

The business’s 50 day moving average is $90.62 and its two-hundred day moving average is $89.45. The firm has a market cap of $4.85 billion, a P/E ratio of 28.87, a P/E/G ratio of 4.48 and a beta of 0.32. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 0.61.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $290.56 million for the quarter, compared to analysts’ expectations of $294.20 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.66%. During the same period in the previous year, the company earned $0.39 earnings per share. Equities research analysts anticipate that ONE Gas Inc will post 3.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.00 annualized dividend and a dividend yield of 2.12%. ONE Gas’s dividend payout ratio is 61.54%.

In other news, insider Jeffrey J. Husen sold 300 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $89.64, for a total value of $26,892.00. Following the transaction, the insider now owns 1,787 shares of the company’s stock, valued at $160,186.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.76% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OGS. Weiss Asset Management LP acquired a new stake in shares of ONE Gas during the 1st quarter worth about $208,000. Great West Life Assurance Co. Can lifted its holdings in ONE Gas by 41.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 75,607 shares of the utilities provider’s stock worth $6,720,000 after buying an additional 22,255 shares in the last quarter. 361 Capital LLC lifted its holdings in ONE Gas by 18.5% during the 2nd quarter. 361 Capital LLC now owns 36,406 shares of the utilities provider’s stock worth $3,287,000 after buying an additional 5,678 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in ONE Gas by 8.6% during the 2nd quarter. WINTON GROUP Ltd now owns 257,609 shares of the utilities provider’s stock worth $23,262,000 after buying an additional 20,467 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ONE Gas by 143.1% during the 1st quarter. JPMorgan Chase & Co. now owns 198,976 shares of the utilities provider’s stock valued at $17,715,000 after acquiring an additional 117,111 shares during the last quarter. 75.63% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Gas (NYSE:OGS)

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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