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

Hsbc Holdings PLC lessened its position in ONE Gas, Inc. (NYSE:OGS) by 22.6% during the 4th quarter, according to its most recent 13F filing with the 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’s holdings in ONE Gas were worth $4,383,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OGS. Tulsa Wealth Advisors INC acquired a new stake in shares of ONE Gas during the fourth quarter worth approximately $1,041,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 in the last quarter. MidFirst Bank acquired a new position in shares of ONE Gas in the 4th quarter worth approximately $1,430,000. Mercer Global Advisors Inc. ADV grew its position in 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 acquiring an additional 712 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in ONE Gas by 16.5% during the 4th quarter. NewEdge Advisors LLC now owns 3,533 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

OGS has been the subject of several research analyst reports. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Mizuho decreased their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Wall Street Zen lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Capital One Financial set a $93.00 price target on ONE Gas in a report on Friday, June 12th. Finally, Wells Fargo & Company assumed coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.90.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $79.58 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $81.88 and a 200 day simple moving average of $82.29. ONE Gas, Inc. has a fifty-two week low of $70.97 and a fifty-two week high of $90.78. The firm has a market cap of $4.99 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.71 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted 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 firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.99 EPS. 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 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 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.