ONE Gas (NYSE:OGS) Price Target Raised to $87.00

ONE Gas (NYSE:OGS) had its price target upped by Scotiabank from $86.00 to $87.00 in a report issued on Wednesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the utilities provider’s stock. Scotiabank also issued estimates for ONE Gas’ FY2026 earnings at $4.89 EPS and FY2027 earnings at $5.00 EPS.

Other equities analysts also recently issued reports about the company. Truist Financial reduced their target price on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Sunday, November 1st. Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. 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. Finally, Jefferies Financial Group cut shares of ONE Gas from a “buy” rating to a “hold” rating and decreased their target price for the stock from $103.00 to $80.00 in a research report on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.12.

ONE Gas Trading Down 1.2%

Shares of NYSE OGS traded down $0.98 during midday trading on Wednesday, reaching $80.87. 581,883 shares of the stock were exchanged, compared to its average volume of 608,798. The stock has a 50 day moving average price of $76.30 and a 200-day moving average price of $80.89. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.08 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.11 and a beta of 0.62. ONE Gas has a 52-week low of $70.37 and a 52-week high of $90.78.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $391.31 million for the quarter, compared to the consensus estimate of $398.23 million. ONE Gas had a net margin of 12.61% and a return on equity of 8.81%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities research analysts expect that ONE Gas will post 4.93 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.68 per share. The ex-dividend date is Monday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is currently 58.00%.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently modified their holdings of OGS. Bessemer Group Inc. grew its stake in ONE Gas by 61.0% during the 1st quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 208 shares in the last quarter. State of Wyoming purchased a new stake in ONE Gas during the 2nd quarter worth approximately $60,000. Versant Capital Management Inc raised its position in shares of ONE Gas by 219.3% in the 2nd 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. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ONE Gas in the 2nd quarter valued at approximately $77,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of ONE Gas in the 2nd quarter valued at approximately $89,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Company Profile