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ONE Gas, Inc. (NYSE:OGS) is included among the 15 Utility Stocks with Highest Dividends.
ONE Gas, Inc. (NYSE:OGS) provides natural gas distribution services to more than 2.3 million customers in Kansas, Oklahoma, and Texas.
On March 23, Morgan Stanley analyst David Arcaro bumped the firm’s price target on ONE Gas, Inc. (NYSE:OGS) from $79 to $84, while maintaining an ‘Equal Weight’ rating on the shares.
The revision comes as Morgan Stanley updated the price targets for the North American Regulated & Diversified Utilities / IPPs under its coverage. The overall utilities sector surged by almost 22% in February, compared to gains of just under 14% posted by the broader market.
Moreover, the analyst firm believes that the recent discussions in the utilities sector have been overall constructive, with industry players highlighting growth opportunities and expressing optimism regarding load growth. Additionally, a number of companies have also signed multi-year deals with data centers, further adding to the positive outlook.
ONE Gas, Inc. (NYSE:OGS) also remains optimistic, with a target to grow its long-term adjusted net income by 7% to 9% and adjusted EPS by 5% to 7%, using adjusted 2025 actual results as the baseline for 2026–2030.
While we acknowledge the potential of OGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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