ONE Gas (NYSE:OGS) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of ONE Gas (NYSE:OGS) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat.com reports. They currently have $85.50 price target on the utilities provider’s stock.

Several other research firms have also issued reports on OGS. Truist Financial reduced their price objective on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wolfe Research assumed coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Morgan Stanley raised their target price on ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Mizuho reduced their price target 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. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.14.

ONE Gas Stock Performance

Shares of OGS stock opened at $81.02 on Thursday. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.23 and a beta of 0.66. The company’s 50-day simple moving average is $78.45 and its 200-day simple moving average is $82.63. 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 has a one year low of $73.91 and a one year high of $90.78.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. The firm had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts anticipate that ONE Gas will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.68 dividend. 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 payout ratio is presently 58.62%.

Institutional Trading of ONE Gas

Large investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in ONE Gas by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 125 shares during the period. Corient Private Wealth LLC lifted its position in ONE Gas by 3.5% during the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 135 shares during the last quarter. Parallel Advisors LLC boosted its holdings in ONE Gas by 16.3% during the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 141 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in ONE Gas by 25.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 161 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of ONE Gas by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after purchasing an additional 164 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

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.