ONE Gas Inc. (OGS) Now Covered by Seaport Global Securities
Seaport Global Securities began coverage on shares of ONE Gas Inc. (NYSE:OGS) in a report released on Friday. The firm set a “neutral” rating and a $60.00 price target on the stock. Seaport Global Securities’ price target points to a potential downside of 1.72% from the stock’s previous close.
OGS has been the subject of a number of other reports. Wells Fargo & Co. started coverage on shares of ONE Gas in a research note on Tuesday, August 30th. They set a “market perform” rating for the company. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Friday, September 2nd. Finally, Jefferies Group upgraded shares of ONE Gas from an “underperform” rating to a “hold” rating and set a $53.00 target price for the company in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.20.
Shares of ONE Gas (NYSE:OGS) opened at 61.05 on Friday. ONE Gas has a 52 week low of $45.89 and a 52 week high of $67.35. The firm’s 50-day moving average price is $59.34 and its 200 day moving average price is $61.65. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 23.56 and a beta of 0.14.
ONE Gas (NYSE:OGS) last announced its earnings results on Monday, October 31st. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. ONE Gas had a net margin of 9.95% and a return on equity of 7.36%. During the same quarter last year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that ONE Gas will post $2.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.29%. ONE Gas’s payout ratio is presently 54.26%.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $60.96, for a total value of $80,772.00. Following the completion of the sale, the director now owns 8,060 shares in the company, valued at approximately $491,337.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.25% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. UBS Group AG raised its stake in shares of ONE Gas by 1.7% in the first quarter. UBS Group AG now owns 19,012 shares of the company’s stock worth $1,162,000 after buying an additional 315 shares during the last quarter. Geode Capital Management LLC increased its position in ONE Gas by 15.7% in the first quarter. Geode Capital Management LLC now owns 432,957 shares of the company’s stock valued at $26,453,000 after buying an additional 58,664 shares during the period. AMP Capital Investors Ltd bought a new position in ONE Gas during the first quarter valued at approximately $317,000. Legal & General Group Plc increased its position in ONE Gas by 2.8% in the first quarter. Legal & General Group Plc now owns 155,986 shares of the company’s stock valued at $9,537,000 after buying an additional 4,175 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in ONE Gas by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 82,482 shares of the company’s stock valued at $5,040,000 after buying an additional 1,237 shares during the period. Institutional investors and hedge funds own 71.94% of the company’s stock.
ONE Gas Company Profile
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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