Truist Financial Cuts ONE Gas (NYSE:OGS) Price Target to $89.00

ONE Gas (NYSE:OGS) had its price target cut by Truist Financial from $95.00 to $89.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

Several other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Capital One Financial set a $93.00 target price on ONE Gas in a research note on Friday, June 12th. Morgan Stanley increased their price target on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company started coverage on ONE Gas in a research note on Monday, May 11th. They issued an “underweight” rating and a $85.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.70.

ONE Gas Price Performance

NYSE:OGS opened at $80.44 on Wednesday. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The business has a 50 day simple moving average of $78.65 and a 200-day simple moving average of $82.42. ONE Gas has a 1 year low of $71.71 and a 1 year high of $90.78.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). The company had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts forecast that ONE Gas will post 4.88 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

Hedge Funds Weigh In On 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 holdings in shares of ONE Gas by 1,393.0% in the 2nd 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 in the last quarter. Norges Bank bought a new stake in ONE Gas during the 4th quarter valued at $70,767,000. Nuveen LLC increased its holdings in shares of ONE Gas by 101.1% in the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock valued at $59,984,000 after acquiring an additional 390,344 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ONE Gas by 37.4% in 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 in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of ONE Gas by 187.1% during the 2nd 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 last quarter. Institutional investors own 88.71% of the company’s stock.

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.