Shares of ONE Gas (NYSE:OGS) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $67.25.
Several equities analysts recently issued reports on OGS shares. Jefferies Group reaffirmed a “sell” rating and set a $63.00 price objective on shares of ONE Gas in a report on Wednesday, December 20th. Wells Fargo set a $69.00 price objective on ONE Gas and gave the stock a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley reduced their price objective on ONE Gas from $69.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, February 13th. Bank of America reaffirmed an “underperform” rating on shares of ONE Gas in a report on Tuesday, February 27th. Finally, Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. raised its holdings in shares of ONE Gas by 6,900.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 17,500 shares of the utilities provider’s stock worth $128,000 after acquiring 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 fourth quarter worth $156,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of ONE Gas in the fourth quarter worth $205,000. Signition LP acquired a new position in shares of ONE Gas in the fourth quarter worth $211,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of ONE Gas in the fourth quarter worth $238,000. 74.41% of the stock is owned by institutional investors.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $462.39 million during the quarter, compared to analysts’ expectations of $445.30 million. ONE Gas had a return on equity of 8.31% and a net margin of 10.59%. During the same period in the previous year, the firm posted $0.80 earnings per share. equities research analysts predict that ONE Gas will post 3.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, February 22nd. ONE Gas’s payout ratio is 62.37%.
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About ONE Gas
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