Tudor Investment Corp ET AL Lowers Stake in ONE Gas, Inc. $OGS

Key Points

• Tudor Investment Corp cut its stake in ONE Gas by 73.6%, selling 82,600 shares and leaving 29,674 shares valued at $2.402 million.
• ONE Gas beat quarterly EPS estimates ($1.48 vs. $1.42) but missed revenue expectations ($689.37M vs. ~$990.44M); it set FY2026 guidance of 4.830–4.950 EPS and raised its quarterly dividend to $0.68 (3.2% yield).
• Institutional investors own 88.71% of the stock, analysts' consensus rating is "Hold" with an average price target of $86.88, and insider Brian F. Brumfield sold 1,000 shares, reducing his stake by 30.81%.

Tudor Investment Corp ET AL reduced its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 73.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of OGS. American Century Companies Inc. lifted its stake in shares of ONE Gas by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider's stock valued at $308,899,000 after buying an additional 202,189 shares in the last quarter. Alliancebernstein L.P. raised its holdings 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 period. Energy Income Partners LLC lifted its position 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 in the last quarter. Franklin Resources Inc. boosted its stake in shares of ONE Gas by 0.4% in the third 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 period. Finally, Norges Bank bought a new position in shares of ONE Gas in the second quarter worth about $47,922,000. 88.71% of the stock is currently owned by institutional investors.

Insider Activity at ONE Gas

In other news, insider Brian F. Brumfield sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, the insider directly owned 2,246 shares in the company, valued at $194,144.24. The trade was a 30.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.

ONE Gas Stock Performance

NYSE OGS opened at $84.99 on Friday. 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, Inc. has a 1-year low of $69.75 and a 1-year high of $88.03. The business has a 50 day simple moving average of $83.93 and a two-hundred day simple moving average of $80.97. The stock 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.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $689.37 million for the quarter, compared to analysts' expectations of $990.44 million. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from ONE Gas's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. ONE Gas's payout ratio is currently 62.24%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OGS shares. Stifel Nicolaus lifted their target price on ONE Gas from $88.00 to $90.00 and gave the company a "hold" rating in a research note on Tuesday, February 24th. Weiss Ratings cut shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, January 5th. UBS Group lowered their target price on shares of ONE Gas from $86.00 to $83.00 and set a "neutral" rating on the stock in a report on Wednesday, December 17th. Mizuho upped their target price on shares of ONE Gas from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley set a $79.00 price target on shares of ONE Gas in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $86.88.

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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