Shares of ONE Gas Inc (NYSE:OGS) have earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $82.50.

Several brokerages recently weighed in on OGS. Morgan Stanley set a $82.00 target price on ONE Gas and gave the company a “sell” rating in a research note on Friday, August 16th. UBS Group raised 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.

In related news, insider Jeffrey J. Husen sold 300 shares of the 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 transaction, the insider now owns 1,787 shares in the company, valued at approximately $160,186.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.76% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in shares of ONE Gas by 1.3% in the 2nd quarter. Northern Trust Corp now owns 1,188,157 shares of the utilities provider’s stock valued at $107,290,000 after purchasing an additional 15,643 shares during the period. Bank of New York Mellon Corp boosted its position in shares of ONE Gas by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 703,793 shares of the utilities provider’s stock valued at $63,553,000 after purchasing an additional 8,582 shares during the period. Invesco Ltd. boosted its position in shares of ONE Gas by 22.9% in the 2nd quarter. Invesco Ltd. now owns 595,876 shares of the utilities provider’s stock valued at $53,807,000 after purchasing an additional 111,105 shares during the period. Geode Capital Management LLC boosted its position in shares of ONE Gas by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 566,147 shares of the utilities provider’s stock valued at $45,065,000 after purchasing an additional 51,508 shares during the period. Finally, Scout Investments Inc. boosted its position in shares of ONE Gas by 7.6% in the 2nd quarter. Scout Investments Inc. now owns 565,066 shares of the utilities provider’s stock valued at $51,025,000 after purchasing an additional 39,744 shares during the period. Institutional investors and hedge funds own 75.66% of the company’s stock.

Shares of OGS traded up $0.13 during trading hours on Friday, reaching $91.21. 5,000 shares of the company’s stock traded hands, compared to its average volume of 173,640. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 4.34 and a beta of 0.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.50. ONE Gas has a twelve month low of $75.51 and a twelve month high of $93.04. The business’s fifty day simple moving average is $90.43 and its two-hundred day simple moving average is $89.25.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $290.56 million for 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 period last year, the company earned $0.39 earnings per share. On average, equities research analysts expect that ONE Gas will post 3.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were given a $0.50 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. ONE Gas’s dividend payout ratio (DPR) is 61.54%.

About ONE Gas

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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