ONE Gas, Inc. $OGS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in ONE Gas, Inc. (NYSE:OGS) by 42.0% during the first quarter, Holdings Channel reports. The firm owned 79,398 shares of the utilities provider’s stock after selling 57,413 shares during the period. SG Americas Securities LLC’s holdings in ONE Gas were worth $6,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in shares of ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after buying an additional 1,490,492 shares in the last quarter. Norges Bank bought a new stake in shares of ONE Gas during the 4th quarter worth $70,767,000. Nuveen LLC boosted its stake in shares of ONE Gas by 101.1% during the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock worth $59,984,000 after acquiring an additional 390,344 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ONE Gas by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after acquiring an additional 380,668 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of ONE Gas by 187.1% in the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after acquiring an additional 358,779 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. BTIG Research began coverage on ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 price target on the stock. Wells Fargo & Company initiated coverage on ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 price objective on the stock. Wolfe Research started coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating for the company. Finally, Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.90.

ONE Gas Stock Down 0.1%

Shares of ONE Gas stock opened at $79.58 on Monday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 2.71 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. ONE Gas, Inc. has a 52-week low of $70.97 and a 52-week high of $90.78. The stock has a 50-day simple moving average of $81.88 and a 200-day simple moving average of $82.33.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. During the same period in the previous year, the firm posted $1.99 EPS. The company’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. On average, equities research analysts expect that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

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

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.