ONE Gas (NYSE:OGS) Price Target Raised to $81.00

ONE Gas (NYSE:OGS) had its price target boosted by Morgan Stanley from $80.00 to $81.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

A number of other research firms have also recently commented on OGS. BTIG Research began coverage on ONE Gas in a research note on Friday, June 12th. They set a “buy” rating and a $93.00 price target on the stock. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Wolfe Research began coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Wells Fargo & Company initiated coverage on ONE Gas in a research note on Monday, May 11th. They set an “underweight” rating and a $85.00 target price on the stock. Finally, Truist Financial decreased their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average target price of $90.00.

ONE Gas Price Performance

Shares of OGS opened at $79.81 on Friday. The firm has a 50-day simple moving average of $79.09 and a two-hundred day simple moving average of $82.38. The stock has a market cap of $5.01 billion, a PE ratio of 18.02, a P/E/G ratio of 2.70 and a beta of 0.66. ONE Gas has a 1-year low of $71.71 and a 1-year high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). The company had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts forecast that ONE Gas will post 4.74 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s dividend payout ratio is 61.40%.

Hedge Funds Weigh In On ONE Gas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC purchased a new stake in ONE Gas during the 4th quarter worth about $2,037,000. Hudson Bay Capital Management LP acquired a new stake in ONE Gas in the 3rd quarter valued at about $1,628,000. Boston Trust Walden Corp boosted its stake in shares of ONE Gas by 5.3% in the 4th 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 period. SG Americas Securities LLC boosted its stake in shares of ONE Gas by 3,436.1% in the 4th quarter. SG Americas Securities LLC now owns 136,811 shares of the utilities provider’s stock valued at $10,569,000 after buying an additional 132,942 shares during the period. Finally, M&T Bank Corp grew its position in shares of 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. Hedge funds and other 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.