ONE Gas (NYSE:OGS) Upgraded by BTIG Research to “Strong-Buy” Rating

BTIG Research upgraded shares of ONE Gas (NYSE:OGS) to a strong-buy rating in a research report report published on Friday,Zacks.com reports.

A number of other equities analysts have also issued reports on OGS. Morgan Stanley set a $82.00 target price on shares of ONE Gas in a research report on Thursday, May 21st. Mizuho cut their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday. Truist Financial cut their price objective on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a report on Friday. Finally, Wolfe Research started coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.10.

ONE Gas Price Performance

Shares of OGS stock opened at $77.85 on Friday. ONE Gas has a 1 year low of $70.87 and a 1 year high of $90.78. The firm’s 50 day moving average is $84.23 and its 200-day moving average is $82.59. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.59 and a beta of 0.66. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. During the same quarter in the previous year, the company posted $1.99 earnings per share. ONE Gas’s revenue for the quarter was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts forecast that ONE Gas will post 4.72 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued 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, May 18th. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

Institutional Investors Weigh In On ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of ONE Gas by 5.6% during the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after acquiring an additional 202,189 shares during the period. Alliancebernstein L.P. raised its holdings in shares of ONE Gas by 6.9% during the third quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock worth $138,229,000 after acquiring an additional 110,305 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of ONE Gas by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after acquiring an additional 380,668 shares during the period. Energy Income Partners LLC raised its holdings in shares of ONE Gas by 1.1% during the first quarter. Energy Income Partners LLC now owns 1,331,076 shares of the utilities provider’s stock worth $114,646,000 after acquiring an additional 14,085 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after acquiring an additional 55,507 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile

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.