Nomura Asset Management Co. Ltd. Decreases Stake in ONE Gas, Inc. $OGS

Nomura Asset Management Co. Ltd. cut its holdings in ONE Gas, Inc. (NYSE:OGS) by 90.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710 shares of the utilities provider’s stock after selling 7,053 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ONE Gas were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGS. Alliancebernstein L.P. raised its holdings in ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after purchasing an additional 1,490,492 shares during the last quarter. Norges Bank acquired a new position in ONE Gas during the fourth quarter worth $70,767,000. Squarepoint Ops LLC raised its holdings in ONE Gas by 187.1% during the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after purchasing an additional 358,779 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in ONE Gas during the second quarter worth $16,354,000. Finally, American Century Companies Inc. raised its holdings in ONE Gas by 5.6% during the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after purchasing an additional 202,189 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. Finally, Truist Financial reduced their price objective on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $89.50.

ONE Gas Stock Performance

NYSE OGS opened at $78.41 on Friday. ONE Gas, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. The business has a fifty day moving average of $85.16 and a 200-day moving average of $82.76. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share 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 company had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. During the same period last year, the firm earned $1.99 earnings per share. The business’s 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. As a group, analysts predict that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s payout ratio is 61.40%.

ONE Gas Company Profile

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.