ONE Gas Stock Price, News & Analysis (NYSE:OGS)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONE Gas in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" OGS shares.
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6 brokerages have issued 12 month price targets for ONE Gas' shares. Their OGS share price targets range from $60.00 to $82.00. On average, they expect the company's stock price to reach $68.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
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ONE Gas' stock was trading at $75.72 at the beginning of the year. Since then, OGS shares have decreased by 18.3% and is now trading at $61.8650.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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ONE Gas, Inc. (NYSE:OGS) issued its quarterly earnings results on Monday, October, 30th. The utilities provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The utilities provider earned $335.82 million during the quarter, compared to analysts' expectations of $459.11 million. ONE Gas had a net margin of 8.80% and a trailing twelve-month return on equity of 8.64%. ONE Gas's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share.

ONE Gas announced a quarterly dividend on Monday, October 30th. Investors of record on Wednesday, November 15th will be given a dividend of $0.65 per share on Friday, December 1st. This represents a $2.60 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for OGS.

ONE Gas (NYSE:OGS) pays an annual dividend of $2.60 per share and currently has a dividend yield of 4.35%. OGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 63.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OGS will have a dividend payout ratio of 67.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OGS.

ETFs with the largest weight of ONE Gas (NYSE:OGS) stock in their portfolio include Invesco Dorsey Wright Utilities Momentum ETF (PUI), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Tortoise North American Pipeline Fund (TPYP), First Trust EIP Carbon Impact ETF (ECLN), JPMorgan Active Small Cap Value ETF (JPSV), First Trust North American Energy Infrastructure Fund (EMLP), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and FCF US Quality ETF (TTAC).

ONE Gas issued an update on its FY24 earnings guidance on Wednesday, November, 29th. The company provided earnings per share guidance of $3.70-$4.00 for the period, compared to the consensus EPS estimate of $4.16.

18 employees have rated ONE Gas Chief Executive Officer Pierce Norton on Glassdoor.com. Pierce Norton has an approval rating of 100% among the company's employees. This puts Pierce Norton in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ONE Gas investors own include ONEOK (OKE), SilverBow Resources (SBOW), Realty Income (O), AbbVie (ABBV), AT&T (T), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Verizon Communications (VZ), Abbott Laboratories (ABT) and Mastercard (MA).

ONE Gas' stock is owned by a number of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (5.06%), Morgan Stanley (3.24%), Wellington Management Group LLP (2.71%), Victory Capital Management Inc. (2.62%), Boston Trust Walden Corp (1.81%) and Northern Trust Corp (1.44%). Insiders that own company stock include Eduardo A Rodriguez and Michael G Hutchinson.
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Shares of OGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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