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One Gas initiated with a Hold at Jefferies

One Gas initiated with a Hold at Jefferies

Jefferies analyst Julien Dumoulin-Smith initiated coverage of One Gas (OGS) with a Hold rating and $79 price target The company is looking to get “back on track” with a 5% EPS compound annual growth rate from 2025-2029 after significant earnings volatility, the analyst tells investors. One Gas trades at a “reasonable” 4% premium to gas peers, but the firm sees better risk/return opportunities with electric utilities in general, the analyst added.

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