ONE Gas Inc Forecasted to Earn FY2020 Earnings of $3.55 Per Share (OGS)
ONE Gas Inc (NYSE:OGS) – Gabelli issued their FY2020 earnings per share (EPS) estimates for shares of ONE Gas in a research note issued to investors on Monday. Gabelli analyst T. Winter forecasts that the utilities provider will post earnings per share of $3.55 for the year. Gabelli also issued estimates for ONE Gas’ FY2021 earnings at $3.75 EPS.
OGS has been the subject of a number of other reports. Morgan Stanley boosted their target price on ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Bank of America reissued an “underperform” rating on shares of ONE Gas in a research note on Tuesday. Wells Fargo & Co set a $69.00 target price on ONE Gas and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Jefferies Group reissued a “sell” rating and issued a $63.00 target price on shares of ONE Gas in a research note on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $70.80.
ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. ONE Gas had a return on equity of 8.31% and a net margin of 10.59%. The firm had revenue of $462.39 million during the quarter, compared to analysts’ expectations of $445.30 million. During the same period in the previous year, the firm earned $0.80 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.46 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, February 22nd. ONE Gas’s dividend payout ratio is currently 59.74%.
Several hedge funds have recently bought and sold shares of OGS. Stifel Financial Corp boosted its position in shares of ONE Gas by 5.3% during the second quarter. Stifel Financial Corp now owns 6,097 shares of the utilities provider’s stock worth $425,000 after buying an additional 305 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of ONE Gas during the second quarter worth about $243,000. Public Employees Retirement System of Ohio boosted its position in shares of ONE Gas by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 13,007 shares of the utilities provider’s stock worth $908,000 after buying an additional 157 shares during the period. APG Asset Management N.V. acquired a new position in shares of ONE Gas during the third quarter worth about $1,289,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ONE Gas during the third quarter worth about $325,000. 73.27% of the stock is owned by institutional investors.
ONE Gas Company Profile
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.
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.