ONE Gas (NYSE:OGS) Given New $66.00 Price Target at Morgan Stanley

ONE Gas (NYSE:OGS) had its price target reduced by Morgan Stanley from $71.00 to $66.00 in a research report released on Thursday,Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

ONE Gas Stock Performance

NYSE OGS opened at $77.62 on Thursday. 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 simple moving average is $75.05 and its 200-day simple moving average is $74.71. The company has a market cap of $4.66 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85. ONE Gas has a 1-year low of $66.38 and a 1-year high of $82.25.

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

ONE Gas Announces Dividend

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

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently made changes to their positions in OGS. Caldwell Trust Co acquired a new position in ONE Gas during the second quarter worth $33,000. UMB Bank n.a. raised 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. acquired a new position in shares of ONE Gas during the 2nd quarter valued at about $50,000. Avalon Trust Co purchased a new stake in shares of ONE Gas in the second quarter valued at about $51,000. Finally, Farther Finance Advisors LLC increased its position in ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 530 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.