ONE Gas, Inc. (NYSE:OGS) Given Consensus Rating of "Moderate Buy" by 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 received a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $77.6429.

Separately, Morgan Stanley set a $71.00 price target on shares of ONE Gas and gave the stock an "outperform" rating in a research note on Thursday, August 21st.

Institutional Investors Weigh In On ONE Gas

Large investors have recently made changes to their positions in the stock. Diversified Trust Co lifted its holdings in ONE Gas by 1.4% during the 2nd quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider's stock valued at $766,000 after purchasing an additional 151 shares during the last quarter. Parallel Advisors LLC lifted its holdings in ONE Gas by 20.1% during the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider's stock valued at $65,000 after purchasing an additional 152 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after purchasing an additional 154 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in ONE Gas by 2.7% during 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 purchasing an additional 175 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in ONE Gas by 1.5% during 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 purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Up 0.7%

Shares of OGS traded up $0.54 during mid-day trading on Friday, hitting $75.23. 317,715 shares of the company's stock were exchanged, compared to its average volume of 351,335. The company has a market cap of $4.51 billion, a PE ratio of 17.95, a P/E/G ratio of 3.09 and a beta of 0.85. ONE Gas has a 52 week low of $66.38 and a 52 week high of $82.25. The company has a 50-day simple moving average of $74.63 and a 200 day simple moving average of $74.62. 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 (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $423.70 million during the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, research analysts forecast that ONE Gas will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas's dividend payout ratio is presently 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.