Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $85.86

ONE Gas, Inc. (NYSE:OGS) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $85.8571.

Several analysts have weighed in on OGS shares. Jefferies Financial Group upped their target price on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Mizuho raised their target price on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Morgan Stanley restated an “underperform” rating and set a $75.00 target price on shares of ONE Gas in a research report on Thursday, November 20th. Bank of America upped their price target on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, UBS Group lowered their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th.

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its position in ONE Gas by 5.6% during the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after purchasing an additional 202,189 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of ONE Gas by 6.9% during the 3rd quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock valued at $138,229,000 after buying an additional 110,305 shares during the period. Geode Capital Management LLC increased its holdings in shares of ONE Gas by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock worth $106,290,000 after buying an additional 84,296 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of ONE Gas by 1.7% during the 2nd quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider’s stock worth $76,952,000 after buying an additional 18,180 shares during the last quarter. Finally, Energy Income Partners LLC raised its position in shares of ONE Gas by 22.2% in the 3rd quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock worth $68,495,000 after buying an additional 153,760 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Trading Up 0.2%

Shares of ONE Gas stock opened at $77.75 on Friday. The company has a 50-day moving average of $80.75 and a two-hundred day moving average of $77.07. ONE Gas has a 12-month low of $66.38 and a 12-month high of $83.96. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.66 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.67 and a beta of 0.79.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The business had revenue of $379.13 million for the quarter, compared to analysts’ expectations of $404.19 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. On average, research analysts anticipate that ONE Gas will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, November 14th. ONE Gas’s dividend payout ratio is 62.47%.

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.