ONE Gas, Inc. (NYSE:OGS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• ONE Gas, Inc. (NYSE:OGS) has an average rating of "Moderate Buy" from nine analysts, with four holding and five buying recommendations.
• The company recently reported quarterly earnings of $0.53 per share, meeting analyst estimates, and has projected fiscal year 2025 earnings guidance of 4.320-4.420 EPS.
• ONE Gas announced a quarterly dividend of $0.67 per share, resulting in an annualized dividend yield of 3.4%.

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $78.0625.

A number of research analysts recently issued reports on OGS shares. Mizuho upgraded ONE Gas from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $77.00 to $86.00 in a report on Friday, September 26th. Weiss Ratings restated a "buy (b-)" rating on shares of ONE Gas in a report on Saturday, September 27th. Finally, Morgan Stanley reduced their price target on ONE Gas from $71.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caldwell Trust Co purchased a new position in shares of ONE Gas during the 2nd quarter worth approximately $33,000. UMB Bank n.a. grew its holdings in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after acquiring an additional 257 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of ONE Gas during the 2nd quarter worth approximately $50,000. Avalon Trust Co purchased a new position in shares of ONE Gas during the 2nd quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after acquiring an additional 530 shares during the period. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Up 0.3%

Shares of NYSE:OGS opened at $79.96 on Tuesday. ONE Gas has a 1 year low of $66.38 and a 1 year high of $82.25. The company has a market cap of $4.80 billion, a PE ratio of 19.08, a P/E/G ratio of 3.30 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The stock's 50-day moving average is $75.97 and its 200 day moving average is $75.04.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company had revenue of $423.70 million for the quarter, compared to the consensus estimate of $432.69 million. During the same quarter in the previous year, the business earned $0.48 EPS. ONE Gas's revenue was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Sell-side analysts anticipate that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas's dividend payout ratio is 63.96%.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.

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