Nomura Asset Management Co. Ltd. Trims Stake in ONE Gas, Inc. $OGS

Nomura Asset Management Co. Ltd. reduced its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 90.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710 shares of the utilities provider’s stock after selling 7,053 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ONE Gas were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OGS. Allianz Asset Management GmbH increased its position in shares of ONE Gas by 23.4% in the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock valued at $8,341,000 after buying an additional 19,522 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of ONE Gas in the fourth quarter valued at approximately $2,037,000. Hudson Bay Capital Management LP purchased a new stake in shares of ONE Gas in the third quarter valued at approximately $1,628,000. Cresset Asset Management LLC purchased a new stake in shares of ONE Gas in the third quarter valued at approximately $1,416,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of ONE Gas during the third quarter worth approximately $2,233,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

OGS opened at $78.41 on Friday. The stock’s 50-day moving average price is $85.16 and its 200 day moving average price is $82.76. ONE Gas, Inc. has a 12-month low of $70.87 and a 12-month 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 firm has a market cap of $4.92 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.66 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same quarter last year, the company earned $1.99 EPS. ONE Gas’s revenue for the quarter 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. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.72 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.68 dividend. 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 3.5%. ONE Gas’s dividend payout ratio is 61.40%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Wolfe Research assumed coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company. Wells Fargo & Company assumed coverage on ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target for the company. Truist Financial dropped their price target on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $89.50.

ONE Gas Company 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.