Bank of America Corp DE Decreases Stock Holdings in ONE Gas, Inc. $OGS

Key Points

• Bank of America reduced its ONE Gas stake by 3.2% in the first quarter, selling 16,407 shares and retaining 503,289 shares valued at approximately $43.3 million. Institutional investors collectively own 88.71% of OGS.
• ONE Gas reported quarterly EPS of $0.82, beating the $0.63 consensus estimate, while revenue of $411.6 million slightly exceeded expectations but declined 2.8% year over year. The company issued fiscal 2026 EPS guidance of $4.83–$4.95.
• The company declared a quarterly dividend of $0.68 per share, equivalent to a $2.72 annualized payout and a 3.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $89.70.

Bank of America Corp DE lowered its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 503,289 shares of the utilities provider's stock after selling 16,407 shares during the quarter. Bank of America Corp DE owned 0.80% of ONE Gas worth $43,348,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in ONE Gas during the fourth quarter valued at $25,000. Triumph Capital Management grew its position in shares of ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp purchased a new stake in shares of ONE Gas during the fourth quarter worth about $29,000. Torren Management LLC purchased a new stake in shares of ONE Gas during the fourth quarter worth about $31,000. Finally, Quarry LP raised its position in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider's stock worth $32,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Up 0.9%

Shares of NYSE OGS opened at $80.31 on Thursday. The stock has a market cap of $5.05 billion, a PE ratio of 17.31, a P/E/G ratio of 2.20 and a beta of 0.66. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12-month low of $73.91 and a 12-month high of $90.78. The company has a 50-day moving average of $78.32 and a 200 day moving average of $82.61.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million for the quarter, compared to analysts' expectations of $410.29 million. During the same period in the previous year, the firm posted $0.53 EPS. The business's revenue for the quarter was down 2.8% 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 predict that ONE Gas, Inc. will post 4.88 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas's dividend payout ratio is presently 58.62%.

Analyst Ratings Changes

A number of brokerages recently weighed in on OGS. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research note on Friday, June 12th. Truist Financial reduced their target price on ONE Gas from $95.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They set a "peer perform" rating for the company. Morgan Stanley raised their target price on ONE Gas from $80.00 to $81.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company raised ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target on the stock in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $89.70.

About ONE Gas

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.

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