ONE Gas (NYSE:OGS) Stock Gets Price Target Cut from Morgan Stanley

by · The Markets Daily

ONE Gas (NYSE:OGS – Free Report) had its target price trimmed by Morgan Stanley from $79.00 to $78.00 in a research note published on Wednesday morning, MarketBeat reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other equities analysts have also recently commented on the stock. Truist Financial reduced their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Jefferies Financial Group lowered shares of ONE Gas from a “buy” rating to a “hold” rating and dropped their price objective for the company from $103.00 to $80.00 in a research report on Wednesday, October 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price for the company in a research note on Thursday, August 13th. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. Finally, Scotiabank began coverage on shares of ONE Gas in a report on Tuesday, September 29th. They set a “sector outperform” rating and a $86.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.46.

Read Our Latest Research Report on ONE Gas

ONE Gas Stock Performance

OGS opened at $78.01 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas has a 12-month low of $70.37 and a 12-month high of $90.78. The business has a 50 day moving average of $76.47 and a 200-day moving average of $79.69. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.15 and a beta of 0.64.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. ONE Gas’s dividend payout ratio is presently 58.62%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of ONE Gas by 61.0% in the first quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 208 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in ONE Gas by 495.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 466 shares in the last quarter. State of Wyoming acquired a new position in ONE Gas in the second quarter valued at about $60,000. Versant Capital Management Inc raised its stake in ONE Gas by 219.3% in the second quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 603 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in ONE Gas during the second quarter worth about $77,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Company Profile

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