ONE Gas (NYSE:OGS) Price Target Lowered to $89.00 at Truist Financial

ONE Gas (NYSE:OGS) had its target price lowered by Truist Financial from $95.00 to $89.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the utilities provider’s stock.

A number of other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company assumed coverage on shares of ONE Gas in a research report on Monday, May 11th. They issued an “underweight” rating and a $85.00 target price for the company. Mizuho decreased their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Wolfe Research started coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $89.40.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $80.22 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. The stock’s 50-day moving average is $78.78 and its 200-day moving average is $82.42. ONE Gas has a one year low of $71.71 and a one year high of $90.78.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm had revenue of $831.71 million for the quarter, compared to the consensus estimate of $969.36 million. During the same quarter in the previous year, the business posted $1.99 earnings per share. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts predict that ONE Gas will post 4.74 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.68 dividend. The ex-dividend date was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is currently 61.40%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake 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 purchasing an additional 1,490,492 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in ONE Gas by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after purchasing an additional 380,668 shares during the period. Energy Income Partners LLC increased its position in ONE Gas by 1.1% during the first quarter. Energy Income Partners LLC now owns 1,331,076 shares of the utilities provider’s stock worth $114,646,000 after buying an additional 14,085 shares during the last quarter. Boston Trust Walden Corp increased its position in ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after buying an additional 55,507 shares during the last quarter. Finally, Morgan Stanley raised its stake in ONE Gas by 28.2% in the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after buying an additional 218,571 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.