ONE Gas (NYSE:OGS) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of ONE Gas (NYSE:OGS) from a strong sell rating to an equal weight rating in a research report sent to investors on Thursday, MarketBeat.com reports. The brokerage currently has $85.00 price target on the utilities provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Capital One Financial set a $93.00 target price on shares of ONE Gas in a research report on Friday, June 12th. Wolfe Research began coverage on shares of ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Truist Financial dropped their price target on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, BTIG Research reissued a “buy” rating and set a $96.00 price target on shares of ONE Gas in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $89.70.

ONE Gas Stock Performance

NYSE:OGS opened at $80.35 on Thursday. The stock has a 50 day simple moving average of $78.15 and a 200 day simple moving average of $82.56. The stock has a market cap of $5.04 billion, a P/E ratio of 17.32, a PEG ratio of 2.64 and a beta of 0.66. ONE Gas has a 1-year low of $73.91 and a 1-year high of $90.78. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66.

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

ONE Gas Dividend Announcement

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

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently modified their holdings of the business. Energy Income Partners LLC acquired a new position in shares of ONE Gas during the 2nd quarter worth $135,948,000. Citizens Financial Group Inc. RI bought a new stake in shares of ONE Gas during the 2nd quarter worth $324,000. MidFirst Bank acquired a new stake in ONE Gas in the second quarter valued at about $1,426,000. BlackRock Inc. acquired a new stake in ONE Gas in the second quarter valued at about $701,266,000. Finally, Deutsche Bank AG bought a new position in ONE Gas in the second quarter valued at about $6,690,000. Institutional investors and hedge funds 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.