ONE Gas, Inc. (NYSE:OGS) Receives $89.23 Consensus Price Target from Brokerages

ONE Gas, Inc. (NYSE:OGS) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $89.2273.

OGS has been the subject of a number of research analyst reports. Mizuho cut their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Morgan Stanley dropped their price target on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Truist Financial cut their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Capital One Financial set a $93.00 price objective on ONE Gas in a research note on Friday, June 12th.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently bought and sold shares of OGS. BlackRock Inc. bought a new position in ONE Gas during the second quarter valued at $701,266,000. California State Teachers Retirement System increased its holdings in shares of ONE Gas by 7,784.3% in the 2nd quarter. California State Teachers Retirement System now owns 5,552,894 shares of the utilities provider’s stock worth $427,962,000 after buying an additional 5,482,464 shares during the last quarter. Energy Income Partners LLC bought a new stake in shares of ONE Gas in the 2nd quarter worth about $135,948,000. Alliancebernstein L.P. raised its position in shares of ONE Gas by 1,393.0% during the 2nd 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. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 valued at $108,029,000 after buying an additional 380,668 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 0.0%

Shares of OGS stock opened at $79.49 on Friday. The stock has a fifty day simple moving average of $79.19 and a two-hundred day simple moving average of $82.65. The firm has a market capitalization of $5.00 billion, a PE ratio of 17.13, a PEG ratio of 2.19 and a beta of 0.66. ONE Gas has a 52-week low of $74.06 and a 52-week high of $90.78. 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 posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The company had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts predict that ONE Gas will post 4.91 EPS for the current fiscal year.

ONE Gas Announces Dividend

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

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.