ONE Gas (NYSE:OGS) Reaches New 1-Year High – Here’s What Happened

ONE Gas, Inc. (NYSE:OGS) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.23 and last traded at $74.14, with a volume of 23928 shares changing hands. The stock had previously closed at $70.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley boosted their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.10.

ONE Gas Stock Up 5.4 %

The firm has a market capitalization of $4.21 billion, a PE ratio of 19.27, a PEG ratio of 3.62 and a beta of 0.67. The company has a fifty day simple moving average of $72.12 and a two-hundred day simple moving average of $67.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Analysts forecast that ONE Gas, Inc. will post 3.86 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s payout ratio is 68.75%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC increased its position in ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares in the last quarter. Rothschild Investment LLC acquired a new position in ONE Gas during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position in ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after buying an additional 349 shares in the last quarter. GAMMA Investing LLC increased its position in ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after buying an additional 261 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in ONE Gas during the 3rd quarter valued at about $60,000. 88.71% of the stock is owned by institutional investors.

About ONE Gas

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.