Morgan Stanley Cuts ONE Gas (NYSE:OGS) Price Target to $79.00

ONE Gas (NYSE:OGS) had its target price reduced by Morgan Stanley from $82.00 to $79.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other equities research analysts have also commented on OGS. BTIG Research restated a “buy” rating and set a $96.00 price objective on shares of ONE Gas in a research report on Thursday, July 23rd. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Thursday, August 6th. LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target for the company in a research report on Thursday, August 13th. Mizuho decreased their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, June 9th. Finally, Weiss Ratings downgraded shares of 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.95.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $75.23 on Friday. The company’s fifty day moving average is $79.38 and its two-hundred day moving average is $81.90. The company has a market cap of $4.73 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. ONE Gas has a 12-month low of $74.65 and a 12-month high of $90.78. 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 (NYSE:OGS) 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. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. During the same quarter last year, the firm posted $0.53 earnings per share. ONE Gas’s 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 expect that ONE Gas will post 4.92 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.6%. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of ONE Gas during the 2nd quarter valued at about $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas in the second quarter worth approximately $135,948,000. Goldman Sachs Group Inc. increased its holdings in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after buying an additional 380,668 shares during the last quarter. Norges Bank bought a new position in ONE Gas during the fourth quarter valued at approximately $70,767,000. Finally, Bank of New York Mellon Corp raised its position in ONE Gas by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 763,877 shares of the utilities provider’s stock valued at $65,793,000 after acquiring an additional 16,697 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Company Profile