Tudor Investment Corp ET AL Reduces Stock Holdings in ONE Gas, Inc. $OGS

Tudor Investment Corp ET AL lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 73.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,674 shares of the utilities provider’s stock after selling 82,600 shares during the quarter. Tudor Investment Corp ET AL’s holdings in ONE Gas were worth $2,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in ONE Gas by 5.6% in the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after buying an additional 202,189 shares during the last quarter. Alliancebernstein L.P. increased its position in ONE Gas by 6.9% during the third quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock valued at $138,229,000 after acquiring an additional 110,305 shares during the last quarter. Energy Income Partners LLC raised its stake in shares of ONE Gas by 22.2% in the third quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock valued at $68,495,000 after acquiring an additional 153,760 shares during the period. Franklin Resources Inc. lifted its holdings in shares of ONE Gas by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 720,381 shares of the utilities provider’s stock worth $58,308,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ONE Gas in the 2nd quarter worth about $47,922,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Down 0.9%

OGS stock opened at $84.99 on Friday. ONE Gas, Inc. has a 12 month low of $69.75 and a 12 month high of $88.03. The firm’s 50-day moving average is $83.93 and its 200 day moving average is $80.97. The company has a market capitalization of $5.33 billion, a PE ratio of 19.45, a P/E/G ratio of 2.23 and a beta of 0.80. 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 released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same period in the previous year, the company earned $1.34 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, February 20th. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio (DPR) is 62.24%.

Analysts Set New Price Targets

A number of research firms recently commented on OGS. Mizuho lifted their price target on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group decreased their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Stifel Nicolaus boosted their target price on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Morgan Stanley set a $79.00 target price on ONE Gas in a research note on Friday, February 20th. Finally, Bank of America increased their price target on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.88.

Insiders Place Their Bets

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the sale, the insider directly owned 2,246 shares in the company, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

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.