ONE Gas, Inc. (NYSE:OGS) Given Average Rating of “Moderate Buy” by Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $90.10.

OGS has been the topic of a number of research reports. Mizuho lowered their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wells Fargo & Company began coverage on ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target on the stock. Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Capital One Financial set a $93.00 price target on ONE Gas in a research report on Friday. Finally, Stifel Nicolaus upped their price target on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th.

Institutional Investors Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Groupe la Francaise increased its position in shares of ONE Gas by 6.8% during the first quarter. Groupe la Francaise now owns 5,132 shares of the utilities provider’s stock valued at $442,000 after buying an additional 327 shares during the period. Amundi increased its position in shares of ONE Gas by 189.7% during the first quarter. Amundi now owns 20,117 shares of the utilities provider’s stock valued at $1,733,000 after buying an additional 13,174 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of ONE Gas by 96.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,566 shares of the utilities provider’s stock valued at $135,000 after buying an additional 767 shares during the period. California State Teachers Retirement System increased its position in shares of ONE Gas by 21.0% during the first quarter. California State Teachers Retirement System now owns 70,430 shares of the utilities provider’s stock valued at $6,066,000 after buying an additional 12,245 shares during the period. Finally, Energy Income Partners LLC increased its position in shares of ONE Gas by 1.1% during the first quarter. Energy Income Partners LLC now owns 1,331,076 shares of the utilities provider’s stock valued at $114,646,000 after buying an additional 14,085 shares during the period. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Up 2.3%

Shares of ONE Gas stock opened at $77.85 on Friday. ONE Gas has a 52-week low of $70.87 and a 52-week high of $90.78. The stock’s 50-day simple moving average is $84.23 and its 200 day simple moving average is $82.59. The stock has a market capitalization of $4.89 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57.

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 net margin of 11.77% and a return on equity of 8.45%. The firm had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The company’s revenue 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, research analysts anticipate that ONE Gas will post 4.72 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a dividend of $0.68 per share. The ex-dividend date was Monday, May 18th. This represents a $2.72 annualized dividend and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio is currently 61.40%.

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.