TheStreet upgraded shares of ONE Gas Inc (NYSE:OGS) from a sell rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat reports.

Shares of ONE Gas (NYSE:OGS) traded up 3.1130% during trading on Tuesday, hitting $56.3925. The stock had a trading volume of 253,418 shares. The stock has a market capitalization of $2.94 billion and a price-to-earnings ratio of 25.7618. ONE Gas has a 52 week low of $38.88 and a 52 week high of $56.73. The firm has a 50 day moving average price of $50.14 and a 200-day moving average price of $46.78.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 11th. Shareholders of record on Friday, February 26th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 24th. This is a boost from ONE Gas’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 2.56%.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised ONE Gas from a hold rating to a buy rating and set a $57.00 price objective on the stock in a report on Sunday, January 24th. Jefferies Group lifted their price target on ONE Gas to $44.00 and gave the stock a hold rating in a research note on Thursday, December 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $47.75.

A number of institutional investors recently made changes to their positions in the company. Simplex Trading bought a new position in shares of ONE Gas during the fourth quarter worth approximately $0. Strs Ohio raised its stake in shares of ONE Gas by 21.3% in the fourth quarter. Strs Ohio now owns 5,700 shares of the company’s stock worth $285,000 after buying an additional 1,000 shares in the last quarter. Commonwealth Equity Services raised its stake in shares of ONE Gas by 24.4% in the fourth quarter. Commonwealth Equity Services now owns 6,298 shares of the company’s stock worth $316,000 after buying an additional 1,236 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of ONE Gas during the fourth quarter worth $722,000. Finally, Wright Investors Service Inc. raised its stake in shares of ONE Gas by 6.2% in the fourth quarter. Wright Investors Service Inc. now owns 14,521 shares of the company’s stock worth $729,000 after buying an additional 845 shares in the last quarter.

ONE Gas, Inc. is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company provides natural gas distribution services approximately to two million customers through its divisions in Oklahoma, Kansas and Texas. The Company’s distribution markets are in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas, and Austin and El Paso, Texas. The Company’s divisions include Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. Its divisions, Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, distribute natural gas as public utilities to approximately 87 %, 72 % and 14 % of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.

12 Month Chart for NYSE:OGS

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