ONE Gas rises after Mizuho upgrades to 'outperform'

** Shares of ONE Gas OGS.N rise nearly 1% to about $78 in premarket trading, after Mizuho upgrades co to "outperform" from "neutral"

** Mizuho raises PT to $86 from $77, a 10.9% upside on stock's last close

** Says full-year benefits of HB 4384 legislation can represent ~$0.18 of incremental EPS in FY26

** "OGS has alluded to 'significant' opportunities to leverage its system into the rising natural gas demand from data centers and advanced manufacturers on its footprint," Mizuho says

** Median PT of seven brokerages is $76.5 - data compiled by LSEG

** As of last close, shares up about 12% YTD