ONE Gas (NYSE:OGS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

OGS has been the subject of several other research reports. Scotiabank started coverage on shares of ONE Gas in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 target price for the company. Truist Financial cut their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research report on Thursday, August 6th. Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Finally, Jefferies Financial Group cut shares of ONE Gas from a “buy” rating to a “hold” rating and lowered their price target for the stock from $103.00 to $80.00 in a research report on Wednesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.46.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $78.49 on Friday. The firm’s fifty day simple moving average is $76.20 and its 200-day simple moving average is $80.81. ONE Gas has a 12 month low of $70.37 and a 12 month high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.07 and a beta of 0.64.

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

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. ONE Gas’s dividend payout ratio is currently 58.62%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vise Technologies Inc. boosted its holdings in shares of ONE Gas by 8.5% in the 3rd quarter. Vise Technologies Inc. now owns 11,863 shares of the utilities provider’s stock valued at $853,000 after acquiring an additional 930 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new position in shares of ONE Gas during the third quarter worth about $227,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of ONE Gas by 7.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 43,819 shares of the utilities provider’s stock worth $3,149,000 after acquiring an additional 3,000 shares during the period. Signaturefd LLC boosted its holdings in ONE Gas by 210.6% during the third quarter. Signaturefd LLC now owns 3,131 shares of the utilities provider’s stock worth $225,000 after buying an additional 2,123 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of ONE Gas by 2.4% in the third quarter. Nisa Investment Advisors LLC now owns 15,083 shares of the utilities provider’s stock valued at $1,084,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

About ONE Gas