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, according to the company in its most recent filing with the SEC. The fund owned 79,398 shares of the utilities provider’s stock after selling 57,413 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of ONE Gas worth $6,839,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Alliancebernstein L.P. boosted its stake in ONE Gas by 6.9% in the third quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock valued at $138,229,000 after acquiring an additional 110,305 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ONE Gas by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after purchasing an additional 380,668 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of ONE Gas by 5.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after purchasing an additional 55,507 shares during the last quarter. Morgan Stanley lifted its holdings in shares of ONE Gas by 28.2% in the 4th quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock worth $76,665,000 after purchasing an additional 218,571 shares during the last quarter. Finally, Norges Bank acquired a new position in ONE Gas during the 4th quarter valued at approximately $70,767,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OGS has been the subject of a number of recent research reports. Truist Financial lowered their price objective on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley set a $80.00 target price on ONE Gas in a research note on Wednesday. Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Mizuho lowered their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Finally, BTIG Research assumed coverage on shares of ONE Gas in a report on Friday, June 12th. They issued a “buy” rating and a $93.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ONE Gas currently has an average rating of “Moderate Buy” and a consensus target price of $89.90.

ONE Gas Price Performance

NYSE OGS opened at $79.58 on Monday. ONE Gas, Inc. has a 12 month low of $70.97 and a 12 month high of $90.78. The firm has a market capitalization of $4.99 billion, a PE ratio of 17.97, a P/E/G ratio of 2.71 and a beta of 0.66. The company’s 50 day simple moving average is $81.88 and its 200 day simple moving average is $82.33. 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 released its 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). The firm had revenue of $831.71 million during 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% on a year-over-year basis. During the same quarter last year, the company earned $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts forecast that ONE Gas, Inc. will post 4.72 EPS for the current fiscal year.

ONE Gas Announces Dividend

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