ONE Gas Inc (NYSE:OGS) – Equities research analysts at Gabelli raised their FY2017 earnings per share estimates for shares of ONE Gas in a research note issued to investors on Wednesday. Gabelli analyst T. Winter now expects that the utilities provider will post earnings per share of $3.10 for the year, up from their prior estimate of $3.00.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Wednesday, November 8th. Morgan Stanley boosted their price target on ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Jefferies Group reiterated a “sell” rating and set a $63.00 price target on shares of ONE Gas in a research report on Wednesday, December 20th. Finally, UBS Group lowered ONE Gas from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $71.00 to $72.00 in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. ONE Gas currently has a consensus rating of “Hold” and a consensus target price of $73.75.

ONE Gas (NYSE OGS) opened at $69.79 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14. ONE Gas has a 12-month low of $62.81 and a 12-month high of $79.51. The stock has a market capitalization of $3,606.37, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 3.76 and a beta of 0.11.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $247.14 million during the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the previous year, the firm posted $0.24 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from ONE Gas’s previous quarterly dividend of $0.42. ONE Gas’s payout ratio is 56.19%.

A number of hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in ONE Gas by 5.1% during the 2nd quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock worth $127,367,000 after acquiring an additional 88,740 shares during the period. Northern Trust Corp lifted its holdings in shares of ONE Gas by 13.1% in the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock valued at $89,998,000 after buying an additional 149,153 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of ONE Gas by 41.6% in the second quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock valued at $48,322,000 after buying an additional 203,201 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of ONE Gas by 58.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock valued at $39,795,000 after buying an additional 199,475 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of ONE Gas by 27.8% in the second quarter. Ameriprise Financial Inc. now owns 466,754 shares of the utilities provider’s stock valued at $32,585,000 after buying an additional 101,420 shares during the period. 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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