Hsbc Holdings PLC Has $4.38 Million Position in ONE Gas, Inc. $OGS

Hsbc Holdings PLC lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,858 shares of the utilities provider’s stock after selling 16,607 shares during the period. Hsbc Holdings PLC’s holdings in ONE Gas were worth $4,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in ONE Gas by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after buying an additional 135 shares in the last quarter. Tulsa Wealth Advisors INC acquired a new position in ONE Gas in the 4th quarter valued at approximately $1,041,000. Caitong International Asset Management Co. Ltd lifted its position in shares of ONE Gas by 495.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 466 shares during the period. MidFirst Bank bought a new stake in shares of ONE Gas in the 4th quarter worth approximately $1,430,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of ONE Gas by 7.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,473 shares of the utilities provider’s stock worth $809,000 after purchasing an additional 712 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Trading Up 0.8%

Shares of OGS opened at $78.85 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 current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $79.96 and a 200-day simple moving average of $82.32. The stock has a market cap of $4.95 billion, a PE ratio of 17.80, a PEG ratio of 2.66 and a beta of 0.66.

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 company had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. During the same period in the prior year, the firm earned $1.99 EPS. ONE Gas’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, sell-side analysts predict that ONE Gas, Inc. will post 4.72 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OGS shares. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. BTIG Research initiated coverage on ONE Gas in a research report on Friday, June 12th. They issued a “buy” rating and a $93.00 target price for the company. Morgan Stanley set a $80.00 price target on shares of ONE Gas in a research note on Wednesday, June 24th. Mizuho lowered their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ONE Gas currently has a consensus rating of “Moderate Buy” and an average price target of $89.90.

ONE Gas 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.