UBS Group Increases ONE Gas (NYSE:OGS) Price Target to $91.00

ONE Gas (NYSE:OGS) had its price target hoisted by UBS Group from $90.00 to $91.00 in a research note published on Wednesday, BenzingaRatingsTable reports. They currently have a neutral rating on the utilities provider’s stock.

OGS has been the topic of several other research reports. Mizuho started coverage on shares of ONE Gas in a research note on Wednesday, October 16th. They issued a neutral rating and a $96.00 price target on the stock. Morgan Stanley decreased their price objective on shares of ONE Gas from $85.00 to $83.00 and set an underweight rating for the company in a report on Friday, November 8th. Finally, ValuEngine lowered shares of ONE Gas from a buy rating to a hold rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. ONE Gas has a consensus rating of Hold and an average target price of $90.00.

ONE Gas stock traded down $0.20 during mid-day trading on Wednesday, hitting $88.80. The company’s stock had a trading volume of 220,566 shares, compared to its average volume of 206,771. The company has a 50 day moving average of $90.25 and a 200-day moving average of $90.98. The stock has a market cap of $4.68 billion, a PE ratio of 27.32, a P/E/G ratio of 4.24 and a beta of 0.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.57. ONE Gas has a one year low of $75.51 and a one year high of $96.66.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, October 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $248.56 million for the quarter, compared to the consensus estimate of $254.15 million. ONE Gas had a return on equity of 8.63% and a net margin of 10.83%. During the same quarter last year, the business posted $0.31 earnings per share. On average, equities research analysts forecast that ONE Gas will post 3.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 2.25%. ONE Gas’s dividend payout ratio (DPR) is currently 61.54%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Arizona State Retirement System lifted its holdings in shares of ONE Gas by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 38,239 shares of the utilities provider’s stock worth $3,453,000 after buying an additional 488 shares during the period. Bowling Portfolio Management LLC raised its holdings in shares of ONE Gas by 1.6% in the second quarter. Bowling Portfolio Management LLC now owns 14,922 shares of the utilities provider’s stock valued at $1,347,000 after acquiring an additional 232 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of ONE Gas in the second quarter valued at about $31,000. Osborn Williams & Donohoe LLC lifted its stake in ONE Gas by 7.5% in the second quarter. Osborn Williams & Donohoe LLC now owns 15,820 shares of the utilities provider’s stock worth $1,429,000 after acquiring an additional 1,100 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in ONE Gas by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 3,211 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 117 shares during the period. Institutional investors own 76.03% of the company’s stock.

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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