Hsbc Holdings PLC Cuts Stake in ONE Gas, Inc. $OGS

Hsbc Holdings PLC lessened its position in ONE Gas, Inc. (NYSE:OGS) by 32.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 38,616 shares of the utilities provider’s stock after selling 18,242 shares during the period. Hsbc Holdings PLC’s holdings in ONE Gas were worth $3,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in OGS. V Square Quantitative Management LLC purchased a new position in ONE Gas during the fourth quarter worth about $25,000. Triumph Capital Management boosted its holdings in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new stake in ONE Gas in the 4th quarter valued at approximately $29,000. Torren Management LLC acquired a new position in ONE Gas during the 4th quarter worth approximately $31,000. Finally, Quarry LP boosted its stake in shares of ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after buying an additional 267 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OGS has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Capital One Financial set a $93.00 target price on shares of ONE Gas in a research report on Friday, June 12th. BTIG Research reaffirmed a “buy” rating and set a $96.00 price target on shares of ONE Gas in a research note on Thursday. Mizuho cut their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, June 9th. Finally, Truist Financial reduced their price objective on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ONE Gas currently has an average rating of “Hold” and an average price target of $89.70.

ONE Gas Stock Performance

NYSE OGS opened at $80.44 on Friday. ONE Gas, Inc. has a 1-year low of $71.71 and a 1-year high of $90.78. The company has a market capitalization of $5.05 billion, a P/E ratio of 18.16, a PEG ratio of 2.63 and a beta of 0.66. The business has a 50 day moving average price of $78.65 and a 200 day moving average price of $82.42. 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 (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.02). The firm had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 4.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

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