ONE Gas (NYSE:OGS) Stock Rating Raised 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 research note released on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also issued reports on OGS. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a report on Thursday, August 13th. Scotiabank initiated coverage on ONE Gas in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 price objective on the stock. Truist Financial lowered their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Morgan Stanley dropped their price objective on ONE Gas from $79.00 to $78.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.46.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $78.01 on Friday. ONE Gas has a one year low of $70.37 and a one year high of $90.78. The stock’s fifty day moving average is $76.47 and its 200 day moving average is $79.69. The stock has a market cap of $4.90 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.14 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48.

ONE Gas (NYSE:OGS) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate 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. Sell-side analysts anticipate that ONE Gas will post 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.68 per share. The ex-dividend date was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently made changes to their positions in OGS. BlackRock Inc. bought a new position in shares of ONE Gas during the 2nd quarter valued at approximately $701,266,000. Energy Income Partners LLC purchased a new position in ONE Gas in the second quarter worth about $135,948,000. Bank of New York Mellon Corp grew its position in ONE Gas by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 763,877 shares of the utilities provider’s stock worth $65,793,000 after acquiring an additional 16,697 shares in the last quarter. Bank of America Corp DE bought a new stake in ONE Gas during the second quarter worth approximately $44,011,000. Finally, Legal & General Group Plc bought a new stake in ONE Gas during the second quarter worth approximately $23,103,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Company Profile