Shares of ONE Gas Inc (NYSE:OGS) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $75.40.

OGS has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 12th. Zacks Investment Research downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th.

In related news, Director Eduardo A. Rodriguez sold 500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $89.04, for a total transaction of $44,520.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.62% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in ONE Gas by 0.7% in the third quarter. Vanguard Group Inc. now owns 5,050,855 shares of the utilities provider’s stock worth $415,584,000 after acquiring an additional 36,615 shares during the period. Panagora Asset Management Inc. raised its position in ONE Gas by 36.9% in the third quarter. Panagora Asset Management Inc. now owns 3,904 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 1,052 shares during the period. HL Financial Services LLC bought a new position in ONE Gas in the fourth quarter worth approximately $3,509,000. California State Teachers Retirement System raised its position in ONE Gas by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 81,708 shares of the utilities provider’s stock worth $6,504,000 after acquiring an additional 1,936 shares during the period. Finally, Bessemer Group Inc. raised its position in ONE Gas by 37.6% in the fourth quarter. Bessemer Group Inc. now owns 42,186 shares of the utilities provider’s stock worth $3,358,000 after acquiring an additional 11,525 shares during the period. Institutional investors and hedge funds own 76.24% of the company’s stock.

ONE Gas stock traded up $0.01 during midday trading on Wednesday, reaching $87.92. 125,193 shares of the company traded hands, compared to its average volume of 224,431. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. ONE Gas has a 12 month low of $66.22 and a 12 month high of $90.52. The company has a quick ratio of 0.62, a current ratio of 0.78 and a debt-to-equity ratio of 0.63.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.01). The company had revenue of $464.47 million for the quarter, compared to the consensus estimate of $443.39 million. ONE Gas had a net margin of 10.54% and a return on equity of 8.50%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Sell-side analysts expect that ONE Gas will post 3.43 EPS for the current fiscal year.

ONE Gas Company Profile

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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