ONE Gas, Inc. (NYSE:OGS) issued its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03, Briefing.com reports. The company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. ONE Gas’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share.
Shares of ONE Gas (NYSE:OGS) traded down 0.41% on Friday, reaching $73.66. The company’s stock had a trading volume of 432,293 shares. The stock has a 50-day moving average of $72.04 and a 200 day moving average of $68.98. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 25.67 and a beta of 0.12. ONE Gas has a 52 week low of $55.98 and a 52 week high of $74.84.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a yield of 2.28%. ONE Gas’s dividend payout ratio (DPR) is presently 58.54%.
Large investors have recently added to or reduced their stakes in the stock. Heritage Trust Co purchased a new stake in ONE Gas during the first quarter valued at approximately $111,000. James Investment Research Inc. purchased a new stake in ONE Gas during the first quarter valued at approximately $150,000. Independent Portfolio Consultants Inc. purchased a new stake in ONE Gas during the second quarter valued at approximately $158,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ONE Gas by 72.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock valued at $157,000 after buying an additional 982 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in ONE Gas by 1,953.3% in the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock valued at $174,000 after buying an additional 2,383 shares during the period. 73.57% of the stock is owned by institutional investors.
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A number of brokerages recently commented on OGS. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday, May 10th. Morgan Stanley boosted their price target on ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Finally, BidaskClub upgraded ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $65.67.
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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