ONE Gas (NYSE:OGS) Price Target Increased to $65.00 by Analysts at Mizuho

ONE Gas (NYSE:OGS) had its price objective raised by Mizuho from $64.00 to $65.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

OGS has been the topic of a number of other research reports. Wells Fargo & Company raised their price target on ONE Gas from $60.00 to $63.00 and gave the stock an equal weight rating in a report on Friday, February 23rd. Morgan Stanley boosted their target price on ONE Gas from $58.00 to $61.00 and gave the company an equal weight rating in a report on Tuesday, May 28th. LADENBURG THALM/SH SH raised ONE Gas from a neutral rating to a buy rating and set a $64.50 price target for the company in a report on Tuesday, March 5th. UBS Group initiated coverage on shares of ONE Gas in a research report on Friday, April 12th. They issued a sell rating and a $61.00 price objective on the stock. Finally, StockNews.com upgraded shares of ONE Gas from a sell rating to a hold rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ONE Gas presently has an average rating of Hold and an average price target of $65.06.

ONE Gas Stock Down 0.4 %

NYSE OGS opened at $60.43 on Wednesday. The business’s fifty day simple moving average is $63.11 and its 200-day simple moving average is $62.10. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.42 billion, a PE ratio of 14.92, a P/E/G ratio of 3.15 and a beta of 0.65. ONE Gas has a 52 week low of $55.50 and a 52 week high of $83.31.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The company’s quarterly revenue was down 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. As a group, equities analysts anticipate that ONE Gas will post 3.85 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 20th were issued a dividend of $0.66 per share. The ex-dividend date was Friday, May 17th. This represents a $2.64 annualized dividend and a dividend yield of 4.37%. ONE Gas’s dividend payout ratio is 65.19%.

Institutional Investors Weigh In On ONE Gas

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of ONE Gas by 66.3% in the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 169 shares during the last quarter. Tidal Investments LLC lifted its position in shares of ONE Gas by 6.1% in the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after buying an additional 206 shares during the last quarter. GW Henssler & Associates Ltd. lifted its position in shares of ONE Gas by 7.4% in the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after buying an additional 237 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of ONE Gas by 8.4% during the 3rd quarter. Blair William & Co. IL now owns 3,080 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 238 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of ONE Gas by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.