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

Key Points

• ONE Gas, Inc. has received an average consensus recommendation of "Hold" from analysts, with one sell rating, three hold ratings, and three buy ratings.
• The company reported a quarterly earnings per share (EPS) of $0.53, meeting analysts' expectations, with revenue showing a 19.7% year-over-year increase.
• ONE Gas announced a quarterly dividend of $0.67, representing an annualized yield of 3.5% and a payout ratio of approximately 64%.

Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $77.6429.

A number of analysts recently commented on OGS shares. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim boosted their target price on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Morgan Stanley reiterated an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th.

ONE Gas Stock Performance

Shares of ONE Gas stock traded up $0.2340 during midday trading on Monday, hitting $75.0440. The company had a trading volume of 489,037 shares, compared to its average volume of 528,882. The business's 50 day simple moving average is $73.33 and its two-hundred day simple moving average is $74.14. The stock has a market cap of $4.50 billion, a PE ratio of 17.91, a P/E/G ratio of 3.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. ONE Gas has a 1-year low of $66.38 and a 1-year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $423.70 million during the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.ONE Gas's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, equities analysts predict that ONE Gas will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a $0.67 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.6%. ONE Gas's payout ratio is presently 63.96%.

Institutional Investors Weigh In On ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its holdings in ONE Gas by 1,393.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider's stock valued at $114,795,000 after buying an additional 1,490,492 shares in the last quarter. Norges Bank acquired a new position in ONE Gas in the 2nd quarter valued at $47,922,000. Nuveen LLC acquired a new position in ONE Gas in the 1st quarter valued at $29,697,000. Squarepoint Ops LLC grew its holdings in shares of ONE Gas by 187.1% during the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider's stock worth $39,560,000 after purchasing an additional 358,779 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of ONE Gas by 60.7% during the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after purchasing an additional 310,460 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

About ONE Gas

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.