ONE Gas (NYSE:OGS) Rating Increased to Strong Sell at Wells Fargo & Company

Wells Fargo & Company upgraded shares of ONE Gas (NYSE:OGS) to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Morgan Stanley upped their price objective on ONE Gas from $84.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Truist Financial began coverage on ONE Gas in a research note on Monday, April 20th. They set a “buy” rating and a $99.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, ONE Gas has a consensus rating of “Moderate Buy” and an average price target of $90.50.

ONE Gas Trading Down 0.1%

NYSE:OGS opened at $84.87 on Monday. ONE Gas has a twelve month low of $70.87 and a twelve month high of $90.78. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $87.21 and a two-hundred day moving average price of $82.90. The company has a market cap of $5.33 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $831.71 million for the quarter, compared to the consensus estimate of $969.36 million. During the same quarter in the prior year, the company earned $1.99 EPS. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts expect that ONE Gas will post 4.86 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, May 18th. ONE Gas’s dividend payout ratio is 61.40%.

Insiders Place Their Bets

In related news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, the insider owned 2,246 shares in the company, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently added to or reduced their stakes in OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ONE Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after acquiring an additional 1,461 shares during the period. NewEdge Advisors LLC raised its stake in ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 2,685 shares during the period. Empowered Funds LLC raised its stake in ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after acquiring an additional 522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in ONE Gas by 18.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after acquiring an additional 34,647 shares during the period. Finally, Jane Street Group LLC bought a new stake in ONE Gas in the 1st quarter valued at $5,876,000. Institutional investors own 88.71% of the company’s stock.

About ONE Gas

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.