Equities research analysts expect ONE Gas Inc (NYSE:OGS) to announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for ONE Gas’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.89. ONE Gas reported earnings of $0.80 per share during the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that ONE Gas will report full-year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.98 to $3.10. For the next year, analysts expect that the company will post earnings of $3.14 per share, with EPS estimates ranging from $3.08 to $3.29. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for ONE Gas.
A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of 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 lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group restated a “sell” rating and set a $63.00 target price on shares of ONE Gas in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $73.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.46 dividend. This is a positive change from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, February 22nd. ONE Gas’s dividend payout ratio is currently 56.19%.
A number of institutional investors have recently made changes to their positions in OGS. Duff & Phelps Investment Management Co. increased its stake in 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 purchasing an additional 199,475 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in ONE Gas in the fourth quarter valued at approximately $6,877,000. State Street Corp increased its stake in ONE Gas by 5.1% in the second quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock valued at $127,367,000 after purchasing an additional 88,740 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in ONE Gas in the fourth quarter valued at approximately $4,797,000. Finally, State of Tennessee Treasury Department purchased a new position in ONE Gas in the third quarter valued at approximately $2,209,000. Institutional investors own 73.04% of the company’s stock.
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ONE Gas Company Profile
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.
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