ONE Gas (OGS) Given “Underperform” Rating at Bank of America
Bank of America reissued their underperform rating on shares of ONE Gas (NYSE:OGS) in a research note released on Tuesday morning, Marketbeat.com reports.
OGS has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of ONE Gas from $72.00 to $75.00 and gave the stock an underweight rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of ONE Gas from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Wells Fargo & Co set a $69.00 target price on shares of ONE Gas and gave the stock a hold rating in a research report on Tuesday, February 13th. Finally, Jefferies Group restated a sell rating and set a $63.00 target price on shares of ONE Gas in a research report on Wednesday, December 20th. Four investment 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 stock presently has an average rating of Hold and an average price target of $70.80.
Shares of ONE Gas (NYSE OGS) opened at $62.75 on Tuesday. The company has a market cap of $3,326.77, a P/E ratio of 20.37, a PEG ratio of 3.65 and a beta of 0.18. ONE Gas has a 1 year low of $62.20 and a 1 year high of $79.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, February 22nd. This is a positive change from ONE Gas’s previous quarterly dividend of $0.42. ONE Gas’s dividend payout ratio (DPR) is 59.74%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Resources Investment Advisors Inc. boosted its holdings in shares of ONE Gas by 6,900.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 17,500 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 17,250 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of ONE Gas in the 4th quarter valued at $156,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of ONE Gas in the 4th quarter valued at $205,000. Signition LP acquired a new position in shares of ONE Gas in the 4th quarter valued at $211,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of ONE Gas in the 4th quarter valued at $238,000. Institutional investors own 73.27% of the company’s stock.
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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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