Hsbc Holdings PLC Has $2.86 Million Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Hsbc Holdings PLC boosted its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 528.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,365 shares of the utilities provider's stock after purchasing an additional 34,783 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of ONE Gas worth $2,856,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of ONE Gas by 58.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,239 shares of the utilities provider's stock valued at $501,000 after acquiring an additional 2,666 shares during the period. Transce3nd LLC bought a new position in shares of ONE Gas during the fourth quarter worth $77,000. MetLife Investment Management LLC grew its holdings in shares of ONE Gas by 6.8% in the 4th quarter. MetLife Investment Management LLC now owns 64,907 shares of the utilities provider's stock valued at $4,495,000 after buying an additional 4,158 shares during the period. Dimensional Fund Advisors LP increased its position in shares of ONE Gas by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after buying an additional 15,976 shares in the last quarter. Finally, GeoWealth Management LLC raised its stake in ONE Gas by 1,689.7% during the 4th quarter. GeoWealth Management LLC now owns 2,255 shares of the utilities provider's stock worth $156,000 after buying an additional 2,129 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Up 2.8 %

OGS traded up $2.18 during trading hours on Tuesday, hitting $80.43. 144,542 shares of the company's stock were exchanged, compared to its average volume of 420,458. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.64 and a beta of 0.86. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $81.60. The stock's 50-day moving average is $75.23 and its two-hundred day moving average is $73.16. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. The company had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company's quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 EPS. Sell-side analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.33%. ONE Gas's dividend payout ratio is currently 68.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley set a $74.00 price target on ONE Gas and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a report on Monday, March 17th. StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.79.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.