ONE Gas (OGS) Given New $65.00 Price Target at Morgan Stanley

ONE Gas (NYSE:OGS) had its price objective lowered by equities research analysts at Morgan Stanley from $69.00 to $65.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 4.00% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group restated a “sell” rating and set a $63.00 price objective on shares of ONE Gas in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. ONE Gas has an average rating of “Hold” and a consensus target price of $71.25.

ONE Gas (NYSE OGS) opened at $67.71 on Tuesday. The company has a market cap of $3,565.59, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.77 and a beta of 0.03. 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 $63.06 and a 12-month high of $79.51.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of ONE Gas by 1.2% during the 4th quarter. BlackRock Inc. now owns 5,672,511 shares of the utilities provider’s stock worth $415,565,000 after purchasing an additional 67,227 shares during the period. State Street Corp grew its stake in shares of 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 purchasing an additional 88,740 shares during the period. Victory Capital Management Inc. grew its stake in shares of ONE Gas by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 874,249 shares of the utilities provider’s stock worth $64,047,000 after purchasing an additional 6,835 shares during the period. Duff & Phelps Investment Management Co. grew its stake in shares of ONE Gas by 58.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock worth $39,795,000 after purchasing an additional 199,475 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of ONE Gas by 13.7% during the 4th quarter. First Trust Advisors LP now owns 379,858 shares of the utilities provider’s stock worth $27,828,000 after purchasing an additional 45,649 shares during the period. 72.85% of the stock is currently owned by institutional investors and hedge funds.

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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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