ONE Gas Inc (NYSE:OGS) – Research analysts at Jefferies Group upped their FY2018 EPS estimates for shares of ONE Gas in a research report issued on Friday. Jefferies Group analyst C. Sighinolfi now expects that the utilities provider will post earnings per share of $3.14 for the year, up from their previous estimate of $3.11. Jefferies Group has a “Sell” rating and a $63.00 price target on the stock.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. The firm had revenue of $247.14 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same period in the prior year, the company earned $0.24 earnings per share.

OGS has been the subject of several other reports. Morgan Stanley upped their target price on ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, UBS Group cut ONE Gas from a “neutral” rating to a “sell” rating and upped their target price for the stock from $71.00 to $72.00 in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $73.75.

ONE Gas (NYSE OGS) traded up $0.80 during midday trading on Monday, reaching $69.79. The company’s stock had a trading volume of 307,580 shares, compared to its average volume of 213,853. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. ONE Gas has a 12-month low of $62.19 and a 12-month high of $79.51. The company has a market capitalization of $3,650.00, a PE ratio of 23.42, a PEG ratio of 3.75 and a beta of 0.08.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.64%. ONE Gas’s dividend payout ratio is presently 56.38%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in ONE Gas by 6.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 357,940 shares of the utilities provider’s stock worth $26,223,000 after purchasing an additional 21,585 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of ONE Gas in the 4th quarter valued at $285,000. Sterling Capital Management LLC bought a new position in shares of ONE Gas in the 3rd quarter valued at $341,000. California Public Employees Retirement System lifted its stake in shares of ONE Gas by 9.6% in the 3rd quarter. California Public Employees Retirement System now owns 124,021 shares of the utilities provider’s stock valued at $9,133,000 after acquiring an additional 10,821 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of ONE Gas by 76.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,158 shares of the utilities provider’s stock valued at $453,000 after acquiring an additional 2,670 shares during the last quarter. Hedge funds and other institutional investors own 72.76% 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.

Earnings History and Estimates for ONE Gas (NYSE:OGS)

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