ONE Gas Inc (NYSE:OGS) – Investment analysts at Gabelli boosted their FY2017 earnings per share (EPS) estimates for ONE Gas in a research note issued on Wednesday. Gabelli analyst T. Winter now expects that the utilities provider will earn $3.10 per share for the year, up from their previous forecast of $3.00.
A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group reaffirmed a “sell” rating and set a $63.00 price target on shares of ONE Gas in a research report on Wednesday, December 20th. Morgan Stanley upped their price target on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Finally, UBS Group cut shares of ONE Gas from a “neutral” rating to a “sell” rating and upped their price target for the company from $71.00 to $72.00 in a research report on Monday, October 2nd. Three investment 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. ONE Gas has an average rating of “Hold” and a consensus target price of $73.75.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The business had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same period in the prior year, the business posted $0.24 earnings per share.
The company 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. The ex-dividend date is Thursday, February 22nd. This represents a $1.84 dividend on an annualized basis and a yield of 2.64%. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. ONE Gas’s dividend payout ratio is 56.19%.
A number of institutional investors and hedge funds have recently modified their holdings of OGS. Goldman Sachs Group Inc. boosted its position in ONE Gas by 41.6% during the second quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock valued at $48,322,000 after acquiring an additional 203,201 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its position in ONE Gas by 58.5% during 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 acquiring an additional 199,475 shares during the last quarter. Northern Trust Corp boosted its position in ONE Gas by 13.1% during the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock valued at $89,998,000 after acquiring an additional 149,153 shares during the last quarter. Ameriprise Financial Inc. boosted its position in ONE Gas by 27.8% during the second quarter. Ameriprise Financial Inc. now owns 466,754 shares of the utilities provider’s stock valued at $32,585,000 after acquiring an additional 101,420 shares during the last quarter. Finally, State Street Corp boosted its position in ONE Gas by 5.1% during the second quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock valued at $127,367,000 after acquiring an additional 88,740 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.