ONE Gas (NYSE:OGS) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of ONE Gas (NYSE:OGS – Free Report) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a research note on Thursday, August 13th. Morgan Stanley cut their price objective on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Scotiabank started coverage on shares of ONE Gas in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 price objective for the company. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Read Our Latest Stock Analysis on OGS

ONE Gas Trading Up 0.5%

Shares of OGS opened at $78.28 on Friday. ONE Gas has a 12 month low of $70.37 and a 12 month high of $90.78. The stock’s 50-day moving average is $76.44 and its two-hundred day moving average is $80.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The stock has a market cap of $4.92 billion, a PE ratio of 16.07, a P/E/G ratio of 2.14 and a beta of 0.64.

ONE Gas (NYSE:OGS – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $410.29 million. During the same quarter in the prior year, the business earned $0.53 EPS. ONE Gas’s quarterly revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts forecast that ONE Gas will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.68 dividend. 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 payout ratio is 58.62%.

Institutional Trading of ONE Gas

Several institutional investors have recently added to or reduced their stakes in OGS. Signaturefd LLC raised its stake in shares of ONE Gas by 210.6% in the 3rd quarter. Signaturefd LLC now owns 3,131 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 2,123 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in ONE Gas by 2.4% in the third quarter. Nisa Investment Advisors LLC now owns 15,083 shares of the utilities provider’s stock valued at $1,084,000 after buying an additional 352 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in ONE Gas in the third quarter valued at about $245,000. Farther Finance Advisors LLC increased its holdings in ONE Gas by 24.5% in the third quarter. Farther Finance Advisors LLC now owns 6,227 shares of the utilities provider’s stock valued at $448,000 after buying an additional 1,226 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in ONE Gas during the third quarter valued at approximately $234,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Company Profile

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