M&T Bank Corp Boosts Stock Position in ONE Gas, Inc. $OGS

Key Points

• M&T Bank Corp boosted its stake in ONE Gas (OGS) by 556% in Q4 to 46,459 shares (about $3.59M), and overall institutional ownership is very high at 88.71% with several other funds also adding to positions.
• Analysts maintain a consensus of "Moderate Buy" with an average target of $89.00; notable moves include Weiss upgrading to "buy" and Truist initiating coverage with a $99 target while multiple firms raised price objectives.
• ONE Gas beat Q4 EPS estimates ($1.48 vs. $1.42) and set FY2026 guidance of $4.83–$4.95 EPS; the stock trades near $88 with a market cap of about $5.53 billion.

M&T Bank Corp boosted its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 556.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,459 shares of the utilities provider's stock after purchasing an additional 39,377 shares during the quarter. M&T Bank Corp owned about 0.08% of ONE Gas worth $3,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider's stock valued at $114,795,000 after buying an additional 1,490,492 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of ONE Gas by 187.1% during the second 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 during the period. Cubist Systematic Strategies LLC acquired a new stake in ONE Gas during the second quarter worth approximately $16,354,000. American Century Companies Inc. boosted its position in ONE Gas by 5.6% during the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider's stock worth $308,899,000 after acquiring an additional 202,189 shares during the last quarter. Finally, Energy Income Partners LLC grew its stake in ONE Gas by 22.2% in the 3rd quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider's stock worth $68,495,000 after acquiring an additional 153,760 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on OGS shares. Weiss Ratings upgraded ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 30th. Stifel Nicolaus raised their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a "hold" rating in a report on Tuesday, February 24th. Morgan Stanley lifted their price objective on ONE Gas from $84.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 21st. Finally, Truist Financial began coverage on ONE Gas in a research note on Monday, April 20th. They issued a "buy" rating and a $99.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $89.00.

ONE Gas Price Performance

ONE Gas stock opened at $88.04 on Monday. ONE Gas, Inc. has a 1 year low of $70.87 and a 1 year high of $90.78. The firm has a 50 day moving average price of $87.07 and a 200 day moving average price of $82.53. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $689.37 million for the quarter, compared to the consensus estimate of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. ONE Gas's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts predict that ONE Gas, Inc. will post 4.77 earnings per share for the current year.

Insider Buying and Selling at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas 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 transaction, the insider owned 2,246 shares in the company, valued at approximately $194,144.24. This trade represents a 30.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.92% of the company's stock.

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.

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