Brokerages Set ONE Gas, Inc. (NYSE:OGS) Price Target at $89.70

Shares of ONE Gas, Inc. (NYSE:OGS) have received an average recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $89.70.

Several analysts have recently issued reports on OGS shares. Wells Fargo & Company started coverage on ONE Gas in a research note on Monday, May 11th. They set an “underweight” rating and a $85.00 price target for the company. Wolfe Research initiated coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Morgan Stanley upped their target price on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Capital One Financial set a $93.00 price target on shares of ONE Gas in a research report on Friday, June 12th.

Institutional Trading of ONE Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Trust Walden Corp raised its position in shares of ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock valued at $85,263,000 after buying an additional 55,507 shares during the last quarter. M&T Bank Corp grew its position in ONE Gas by 556.0% during the fourth quarter. M&T Bank Corp now owns 46,459 shares of the utilities provider’s stock worth $3,589,000 after buying an additional 39,377 shares in the last quarter. ExodusPoint Capital Management LP increased its stake in ONE Gas by 314.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after acquiring an additional 159,934 shares during the period. Fifth Third Bancorp increased its stake in ONE Gas by 2,807.9% during the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock valued at $1,753,000 after acquiring an additional 19,655 shares during the period. Finally, Versor Investments LP acquired a new position in ONE Gas in the 4th quarter valued at approximately $922,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 2.5%

OGS stock opened at $79.26 on Monday. ONE Gas has a 1-year low of $71.71 and a 1-year high of $90.78. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 2.55 and a beta of 0.66. The company’s 50 day moving average is $78.09 and its 200 day moving average is $82.56.

ONE Gas (NYSE:OGS) last posted its 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. ONE Gas had a net margin of 12.47% and a return on equity of 8.92%. The firm had revenue of $411.64 million for the quarter, compared to the consensus estimate of $410.29 million. During the same period in the prior year, the business posted $0.53 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts predict that ONE Gas will post 4.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas’s payout ratio is currently 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.