Hsbc Holdings PLC Sells 16,607 Shares of ONE Gas, Inc. $OGS

Hsbc Holdings PLC reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,858 shares of the utilities provider’s stock after selling 16,607 shares during the period. Hsbc Holdings PLC owned 0.09% of ONE Gas worth $4,383,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on ONE Gas in a research note on Monday, May 11th. They set an “underweight” rating and a $85.00 target price for the company. Morgan Stanley set a $80.00 price target on ONE Gas in a report on Wednesday. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Finally, Wolfe Research assumed coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.90.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $79.58 on Friday. The firm has a market capitalization of $4.99 billion, a PE ratio of 17.97, a PEG ratio of 2.71 and a beta of 0.66. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 1-year low of $70.97 and a 1-year high of $90.78. The business’s 50 day moving average is $81.88 and its 200-day moving average is $82.29.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The firm had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts predict that ONE Gas, Inc. will post 4.72 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.68 dividend. The ex-dividend date 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 is currently 61.40%.

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.