Morgan Stanley Issues Positive Forecast for ONE Gas (NYSE:OGS) Stock Price

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

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 target price for the company. Capital One Financial set a $93.00 price objective on ONE Gas in a research note on Friday, June 12th. Wolfe Research began coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Mizuho dropped their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.00.

ONE Gas Stock Up 0.0%

ONE Gas stock opened at $79.81 on Friday. 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 firm has a market cap of $5.01 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.71 and a beta of 0.66. The business has a fifty day moving average of $79.09 and a two-hundred day moving average of $82.35. ONE Gas has a twelve month low of $71.71 and a twelve month high of $90.78.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share 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 analysts’ expectations of $969.36 million. During the same quarter last year, the company earned $1.99 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts forecast that ONE Gas will post 4.72 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio is 61.40%.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. Alliancebernstein L.P. raised its stake in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after buying an additional 1,490,492 shares in the last quarter. Norges Bank acquired a new position in shares of ONE Gas in the 4th quarter valued at $70,767,000. Nuveen LLC raised its holdings in shares of ONE Gas by 101.1% in the fourth quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock valued at $59,984,000 after buying an additional 390,344 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in ONE Gas by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after acquiring an additional 380,668 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of ONE Gas by 187.1% during the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after purchasing an additional 358,779 shares during the period. Institutional investors and hedge funds 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.