ONE Gas, Inc. (NYSE:OGS – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $90.10.
A number of brokerages recently issued reports on OGS. Wolfe Research began coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Stifel Nicolaus upped their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley set a $82.00 price objective on shares of ONE Gas in a report on Thursday, May 21st. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a report on Friday, June 12th. Finally, Mizuho lowered their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th.
Get Our Latest Stock Analysis on ONE Gas
ONE Gas Trading Down 0.1%
ONE Gas (NYSE:OGS – Get Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate 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 prior year, the firm earned $1.99 earnings per share. The company’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. Analysts predict that ONE Gas will post 4.72 EPS for the current fiscal year.
ONE Gas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, May 18th. ONE Gas’s dividend payout ratio is presently 61.40%.
Hedge Funds Weigh In On ONE Gas
A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in ONE Gas by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 125 shares during the period. Corient Private Wealth LLC grew its stake in ONE Gas by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 135 shares during the period. Parallel Advisors LLC grew its stake in ONE Gas by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 141 shares during the period. EverSource Wealth Advisors LLC grew its stake in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 161 shares during the period. Finally, Captrust Financial Advisors grew its stake in ONE Gas by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after acquiring an additional 164 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
About ONE Gas
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.
See Also
- Five stocks we like better than ONE Gas
- SpaceX Was Just the Beginning—2 More Massive IPOs Are on Deck
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.
