Morgan Stanley Cuts ONE Gas (NYSE:OGS) Price Target to $82.00

Posted by Geri Gentry on Aug 24th, 2026

ONE Gas (NYSE:OGS – Free Report) had its target price trimmed by Morgan Stanley from $86.00 to $82.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

OGS has been the subject of a number of other research reports. Truist Financial reduced their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price on the stock in a research report on Thursday, August 13th. Capital One Financial set a $93.00 price target on ONE Gas in a research note on Friday, June 12th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Mizuho lowered their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Moderate Buy” and an average target price of $89.23.

Get Our Latest Stock Analysis on OGS

ONE Gas Stock Up 0.4%

OGS stock opened at $79.11 on Friday. The company has a 50 day moving average of $78.84 and a two-hundred day moving average of $82.70. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.17 and a beta of 0.66. ONE Gas has a 12-month low of $74.06 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 – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The business had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. During the same period in the previous year, the company posted $0.53 EPS. ONE Gas’s revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts anticipate that ONE Gas will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.68 per share. The ex-dividend date is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently bought and sold shares of OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ONE Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after buying an additional 1,461 shares during the last quarter. NewEdge Advisors LLC raised its holdings in ONE Gas by 895.0% during the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after buying an additional 2,685 shares in the last quarter. Empowered Funds LLC lifted its position in shares of ONE Gas by 9.8% in the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after buying an additional 522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of ONE Gas by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock worth $16,599,000 after buying an additional 34,647 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of ONE Gas during the 1st quarter worth about $5,876,000. 88.71% of the stock is currently owned by institutional investors.

About ONE Gas

(Get Free Report)

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.