ONE Gas, Inc. (NYSE:OGS) Given Average Rating of “Moderate Buy” by Brokerages

ONE Gas, Inc. (NYSE:OGS) has earned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $89.2273.

OGS has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Morgan Stanley dropped their price objective on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Mizuho reduced their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, June 9th. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. Finally, BTIG Research reissued a “buy” rating and set a $96.00 price target on shares of ONE Gas in a report on Thursday, July 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP purchased a new stake in shares of ONE Gas during the second quarter worth approximately $280,000. Amundi grew its position in ONE Gas by 68.5% in the 2nd quarter. Amundi now owns 33,895 shares of the utilities provider’s stock valued at $2,612,000 after buying an additional 13,778 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in ONE Gas in the 2nd quarter valued at $3,146,000. California State Teachers Retirement System increased its stake in ONE Gas by 7,784.3% in the 2nd quarter. California State Teachers Retirement System now owns 5,552,894 shares of the utilities provider’s stock valued at $427,962,000 after buying an additional 5,482,464 shares during the period. Finally, Greenland Capital Management LP raised its position in ONE Gas by 253.4% during the 2nd quarter. Greenland Capital Management LP now owns 60,070 shares of the utilities provider’s stock worth $4,630,000 after buying an additional 43,074 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Up 1.3%

ONE Gas stock opened at $80.30 on Friday. The company has a market capitalization of $5.05 billion, a P/E ratio of 17.31, a PEG ratio of 2.18 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. ONE Gas has a fifty-two week low of $74.06 and a fifty-two week high of $90.78. The stock has a 50-day simple moving average of $79.29 and a 200-day simple moving average of $82.60.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.63 by $0.19. The company had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts expect that ONE Gas will post 4.91 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.