ONE Gas, Inc. (NYSE:OGS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $85.8571.

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. UBS Group reduced their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Mizuho raised their price target on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Jefferies Financial Group boosted their price target on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley reiterated an “underperform” rating and set a $75.00 price objective on shares of ONE Gas in a research report on Thursday, November 20th.

ONE Gas Trading Down 0.8%

Shares of NYSE OGS opened at $77.71 on Friday. The firm has a 50 day moving average price of $80.55 and a two-hundred day moving average price of $77.13. The stock has a market cap of $4.66 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 2.67 and a beta of 0.79. ONE Gas has a 52-week low of $66.38 and a 52-week high of $83.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $379.13 million for the quarter, compared to analysts’ expectations of $404.19 million. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. ONE Gas’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, equities analysts forecast that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, November 14th. ONE Gas’s dividend payout ratio (DPR) is presently 62.47%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently made changes to their positions in OGS. Mackenzie Financial Corp grew its stake in ONE Gas by 3.4% during the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 125 shares during the period. Diversified Trust Co boosted its holdings in shares of ONE Gas by 1.4% during the 2nd quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider’s stock worth $766,000 after buying an additional 151 shares in the last quarter. Parallel Advisors LLC grew its position in shares of ONE Gas by 20.1% during the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock worth $65,000 after buying an additional 152 shares during the period. Modern Wealth Management LLC increased its stake in shares of ONE Gas by 3.3% in the 3rd quarter. Modern Wealth Management LLC now owns 5,587 shares of the utilities provider’s stock valued at $452,000 after acquiring an additional 178 shares in the last quarter. Finally, Capital Advisors Inc. OK increased its stake in shares of ONE Gas by 7.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 2,998 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 200 shares in 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.