SG Americas Securities LLC Raises Stock Position in ONE Gas, Inc. $OGS

SG Americas Securities LLC boosted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 3,436.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 136,811 shares of the utilities provider’s stock after acquiring an additional 132,942 shares during the period. SG Americas Securities LLC owned about 0.23% of ONE Gas worth $10,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in shares of ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after purchasing an additional 1,490,492 shares in the last quarter. Norges Bank purchased a new position in ONE Gas in the 2nd quarter valued at about $47,922,000. Squarepoint Ops LLC lifted its stake in ONE Gas by 187.1% in the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after buying an additional 358,779 shares in the last quarter. Marshall Wace LLP boosted its holdings in ONE Gas by 1,811.7% in the 2nd quarter. Marshall Wace LLP now owns 256,498 shares of the utilities provider’s stock worth $18,432,000 after buying an additional 243,081 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in ONE Gas in the 2nd quarter worth about $16,354,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Bank of America lifted their price target on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. UBS Group dropped their price target on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Morgan Stanley set a $79.00 price objective on ONE Gas in a research note on Friday, February 20th. Finally, Stifel Nicolaus raised their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.88.

ONE Gas Trading Up 0.0%

OGS opened at $84.99 on Monday. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.80. The company’s 50 day simple moving average is $83.93 and its two-hundred day simple moving average is $81.06. ONE Gas, Inc. has a 1-year low of $69.75 and a 1-year high of $88.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The firm had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same quarter last year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is presently 62.24%.

Insider Buying and Selling at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the sale, the insider owned 2,246 shares of the company’s stock, valued at approximately $194,144.24. This represents a 30.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

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.