ONE Gas, Inc. (NYSE:OGS) Given Consensus Rating of “Hold” by Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $89.70.

OGS has been the subject of a number of recent research reports. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a report on Friday, June 12th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Morgan Stanley increased their target price on shares of ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Mizuho lowered their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th.

Institutional Investors Weigh In On ONE Gas

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in ONE Gas during the 2nd quarter worth approximately $701,266,000. Energy Income Partners LLC purchased a new stake in shares of ONE Gas during the second quarter valued at approximately $135,948,000. Alliancebernstein L.P. boosted its stake in shares of ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after purchasing an additional 1,490,492 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of ONE Gas by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after purchasing an additional 380,668 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in shares of ONE Gas by 5.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after purchasing an additional 55,507 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 0.2%

Shares of OGS stock opened at $80.35 on Monday. The business has a 50-day moving average price of $78.15 and a two-hundred day moving average price of $82.58. ONE Gas has a 12-month low of $73.91 and a 12-month high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.05 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. The company had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.ONE Gas’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts anticipate that ONE Gas will post 4.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.68 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s payout ratio is currently 58.62%.

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.