ONE Gas, Inc. (NYSE:OGS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• ONE Gas, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with a 12-month average price target of $77.64.
• The company reported $0.53 earnings per share for the last quarter, aligning with analyst estimates, while its revenue grew 19.7% year-over-year.
• ONE Gas announced a quarterly dividend of $0.67 per share, which represents an annualized yield of 3.5%.

Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $77.6429.

Separately, Morgan Stanley set a $71.00 price objective on shares of ONE Gas and gave the company an "outperform" rating in a report on Thursday, August 21st.

ONE Gas Stock Up 1.5%

Shares of OGS opened at $76.02 on Friday. The firm has a market cap of $4.56 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. ONE Gas has a 12-month low of $66.38 and a 12-month high of $82.25. The company's 50-day moving average price is $74.42 and its 200 day moving average price is $74.60. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74.

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

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 18th. ONE Gas's payout ratio is 63.96%.

Hedge Funds Weigh In On ONE Gas

Several institutional investors have recently bought and sold shares of the company. Diversified Trust Co grew its position in ONE Gas by 1.4% in the 2nd quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider's stock valued at $766,000 after acquiring an additional 151 shares in the last quarter. Parallel Advisors LLC grew its position in ONE Gas by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider's stock valued at $65,000 after acquiring an additional 152 shares in the last quarter. Ameriprise Financial Inc. grew its position in ONE Gas by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after acquiring an additional 154 shares in the last quarter. State of Alaska Department of Revenue grew its position in ONE Gas by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 6,638 shares of the utilities provider's stock valued at $501,000 after acquiring an additional 175 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in ONE Gas by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider's stock valued at $1,028,000 after acquiring an additional 200 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

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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