ONE Gas (NYSE:OGS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of ONE Gas (NYSE:OGS) from a sell rating to a hold rating in a research note released on Saturday.

A number of other analysts have also weighed in on OGS. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research note on Thursday. Wolfe Research assumed coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Truist Financial reduced their price objective on ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. BTIG Research restated a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.70.

ONE Gas Trading Up 0.9%

Shares of NYSE:OGS opened at $80.35 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas has a 52-week low of $73.91 and a 52-week high of $90.78. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.64 and a beta of 0.66. The business has a 50-day moving average price of $78.15 and a 200-day moving average price of $82.56.

ONE Gas (NYSE:OGS) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating 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 firm had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. ONE Gas’s revenue for the quarter was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts predict that ONE Gas will post 4.88 EPS for the current year.

ONE Gas Announces Dividend

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

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the business. Energy Income Partners LLC acquired a new position in shares of ONE Gas during the 2nd quarter worth approximately $135,948,000. Citizens Financial Group Inc. RI acquired a new stake in ONE Gas in the 2nd quarter valued at $324,000. MidFirst Bank acquired a new stake in ONE Gas in the 2nd quarter valued at $1,426,000. BlackRock Inc. purchased a new stake in ONE Gas in the 2nd quarter worth $701,266,000. Finally, Deutsche Bank AG acquired a new position in ONE Gas during the second quarter worth $6,690,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.